Kenya’s cenbank issues licence to DIB Bank

PUBLISHED: Fri, 28 Apr 2017 08:57:09 GMT

George Obulutsa | NAIROBI

Kenya’s central bank said on Friday it had issued a licence to DIB Bank Kenya Ltd, a unit of United Arab Emirates-based Dubai Islamic Bank, to operate in the east African nation.

“DIB intends to exclusively offer shariah-compliant banking services in Kenya,” the Central Bank of Kenya said in a statement. “DIB’s entry will expand the offerings in the market, particularly in the nascent shariah-compliant banking niche.”

(Reporting by George Obulutsa; Editing by Biju Dwarakanath)

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