Role Islamic financial services plays in Kenya’s development

The Islamic finance and investment industry plays a crucial role in the development of more efficient and capable capital markets. 

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Kenya’s economy has demonstrated remarkable resilience in recent years, navigating a series of challenges including fiscal constraints, rising debt levels and the imperative for structural reforms, which have tested its robustness.

In 2023, the gross domestic product growth rose to 5.6 percent, up from 4.9 percent in the previous year, according to a World Bank report.

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Note: The results are not exact but very close to the actual.