Kenya continues to build Islamic finance as its regional ‘competitive advantage’
Kenya is positioning itself as a hub for Islamic finance, aiming to lead in the region of East Africa and across Middle Africa.
A predominantly Christian country with a minority 11% Muslim population, Kenya’s financial sector has been home to Islamic banks and takaful operators for more than a decade.
The East African nation is now working on a number of initiatives to further develop its domestic sector, including an industry framework, a sovereign sukuk issuance, and financial education.
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