Treasury out to accommodate Islamic financial products within capital markets

The National Treasury is in the process of appointing a steering committee to oversee the establishment of a platform within the capital markets to accommodate Islamic financial products.

The plan is to be executed through the Capital Markets Authority Masterplan, which has been under preparation since 2011. This blueprint identifies Islamic finance as one of Kenya’s potential centres of excellence for leveraging the strength of the country’s financial sector to develop innovative products and services.