Why Islamic finance is yet to realise its full potential in Kenya

Kenya’s Islamic finance industry is over a decade old but is yet to realize its full potential and make the desired impact in promoting linkages between financing and the real economy.

The essence of Shariah compliant financing models is to promote fairness and equity in transactions, avoidance of interest (Riba), abstaining from non-permissible activities (haram) as well as reward sharing through transparent processes.