IslamicFinance.de

Chase bank in Kenya has launched Shariah compliant products writes Mwaniki Wahome in the Daily Nation.

Known as Imam Banking, products are tailored for corporate, small-and-medium enterprises, as well as individuals. The accounts will include current accounts, savings accounts and fixed period investments. Together with Genghis Capital Limited and Winton Investment Services Sharia compliant investment banking and wealth managements products are planned. Further the management studies to introduce Takaful.

Zafrullah Khan is the MD of Chase.