First Community Bank of Kenya
FCB a top Tawarruq player
Tue, 2011-08-30 10:09 — newsdeskFirst Community Bank of Kenya had an after tax profit of $155,500 in the first half of this year, compared to a loss of $763,300 in the same period last year.
The statements proove that the bank is heavily involved in Tawarruq deals with local banking partners.
Local East African banks are using Tawarruq to create liquidity, until other financial instruments like Sukuk will be authorized.
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