Dubai Bank Kenya has launched two Shari’ah compliant accounts, one aimed at low income earners, the other at higher income earners as it looks to satisfy the insatiable request for Islamic banking products in Kenya.
Dubai Bank is among around half a dozen conventional commercial banks in Kenya that have opened up Islamic finance windows in order to lock-in their existing Muslim customers, discouraging them from shifting their loyalty to the two fully fledged Islamic banks in Kenya: First Community Bank and the Gulf African Bank.