Sudan's Bank of Khartoum eyes up Kenya
The Sudanese Islamic Bank plans to move in the future into Kenya. This would be the first cross-border expansion of Islamic finance in East Africa.
Kenya is in the process of changing its finance laws to allow Islamic finance. Kenya has two Shari'ah compliant banks in operation, a Takaful company and an array of Shari'ah compliant banking products in conventional banks, leading the way.
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