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Quality compliance in the age of rising Islamic financing
As the market expands, Islamic banks bear the critical responsibility of offering innovative financial products and upholding the highest standards of Shariah compliance.
The Kenyan financial sector is progressively adopting Islamic banking by integrating new products, including loan facilities, insurance, mortgages, real estate trusts, and derivatives that adhere to Ahkamu Shariah (rules of Shariah).
The surge stems from regulatory and policy reforms that have opened up the financial sector to create products aimed at a considerable segment of the bankable Muslim population, including Muslim-owned businesses and a significant number of consumers.
