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Kenya: Investor interest in Sharia-linked products grows

Posted on 15 October 2010

From Businessdailyafrica.com: Investors are showing increasing interest in offering Sharia-compliant financial services in the Kenyan market. The two Islamic banks, First Community and Gulf African Bank, last week said they had acquired regulatory licenses to roll out takaful — Islamic insurance covers.
Conventional financial services involve earning or charging interest. The Islamic versions, however, prohibit interest earning which is called haram. Those that comply with the above condition are called halal……………………………………….Full Article: Source

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This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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