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List of Islamic Banks in Kenya. Islamic banking or Islamic finance or sharia-compliant finance is banking or financing activity that complies with sharia and its practical application through the development of Islamic economics. Some of the modes of Islamic banking/finance include Mudarabah, Wadiah, Musharaka, Murabahah, and Ijara. In Kenya, Islamic banking is growing at a good pace since setting foot in the year 2013.Thanks to Barclays bank of kenya the lariba bank for being involved.Later several banks jumped in to provide islamic banking services through sections or windows.These include but not limited to KCB ,Chase bank of Kenya now SBM and NIC bank of kenya.However, the Islamic community in kenya felt that its important to have 100% Islamic banks.
Here is a list of Islamic banks in Kenya.
1. Gulf African Bank
Gulf African Bank is Kenya’s premier Islamic bank that offers ethical and fair banking for all persons irrespective of their faith. It was incorporated on August 9th 2006 and was fully operational on January 8th 2008. The bank conducts business on the principles of Shari’ah and works with individuals and businesses, helping SMEs scale up their growth through financing and advisory services. Islam is not only a religion in the ordinary sense of the word, but a complete system of life. While other religious codes provide guidance only for the relation between man and his Creator, Islam guides man in his relationship with God, and gives him the norms which govern his temporal existence, since Islam is concerned with the spiritual, political, social economic, moral and all other material aspects of the human being.
The bank has branches in Nairobi, Nakuru, Eldoret, Garissa, Malindi, Mombasa and Lamu.
Head Office: Geminia Insurance Plaza, 1st Floor, Upperhill, Nairobi.
Contacts: 0711 075 000, 0729 111 537.
2. Sharjah Islamic Bank
Sharjah Islamic Bank, formerly known as the National Bank of Sharjah, is a publicly listed Islamic bank headquartered in the emirate of Sharjah in the United Arab Emirates. The bank was established in 1976 and in 2004 converted into a fully Shariah compliant bank.
3. DIB Bank Kenya Limited
DIB is a fully owned subsidiary of Dubai Islamic Bank, a pioneering institution that has combined the best of traditional, Shariah values with technology and innovation that characterize the best of modern banking.
DIB’s tradition and heritage are blended with a commitment to flexibility, innovation and modernity to ensure that every customer is provided with comprehensive Shariah-compliant solutions for any financial need.
The bank’s operations adhere to open and fair governance, fiscally sound use of investors’ funds, environmental safeguarding, professionalism and expertise gained through employee enrichment and development.
Contact: +254 20 709 913111.
3. First Community Bank
First Community Bank is the first fully-fledged Sharia-compliant bank in Kenya that is approved by CBK. The bank delivers innovative Sharia-compliant financial products, services and solutions at more competitive rates than any other banks. It has branches in Nairobi, Kisumu, Lunga Lunga, Malindi, Mombasa, Moyale, Nakuru and Wajir.
Head Office: FCB Mihrab Building, Ring Road, Kilimani, Nairobi.
Contacts: 0725 843 000, 0789 843 000.
4. Islamic Banking – Absa Bank Kenya
السّلامُ عليكُمْ Assalamu Aleykum.
Timiza Call Centre Lead No: 0709213000
KCB Islamic banking
We are built on Shariah principles that are not only designed to drive your financial growth but are also in line with your values. We offer you a variety of unique solutions which are compliant and reflect our promise; banking on your values. SAHL Bank is available across all branches. Please visit your nearest one for more information.
National Amanah – National Bank of Kenya
National Bank of Kenya Amanah Shariah complaint banking that understands your values and caters to your personal, business and corporates needs.
Email: email@example.com or firstname.lastname@example.org
Tel : 020-2828000, 0703 088 900, 0732 118 900
Chat with NBK. +254 (20) 282 8900, +254 703 088 900, +254 732 118 900.
- Mon – Fri: 8.30 am – 4.00 pm
- Sat : 8.30 am – 12.00 pm
- Sun: Closed
- Public Holidays: Closed