Rising Islamic Financial Products and What Quality Compliance Means

Rising Islamic Financial Products and What Quality Compliance Means

The Kenyan financial sector is progressively adopting Islamic banking by integrating new Islamic finance products, including loan facilities, insurance, mortgages, real estate trusts, and derivatives that adhere to “Ahkamu Shariah” (rules of Shariah). The surge in new Islamic finance products 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…