30.03.2011 - Islamic banking deepens financial services uptake in Kenya
Islamic banks now control 0.9 per cent of total accounts, indicating increased penetration of financial services to a segment of the population that was hitherto excluded from the system due to its religious beliefs. Central Bank of Kenya data shows that Gulf African Bank and First Community Bank, both of them exclusively Shariah-compliant banks, had 58,101 deposit accounts and 2,609 loan accounts as at the end of December 2010, four years after their licensing...........................................Full Article: Source
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