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Wajir West MP wants Sharia banking laws applied without restrictions

Dubai Islamic Bank Group Chief Executive Officer and DIB Bank Kenya Board Chairman Dr Adnan Chilwan presents a Guardian Award to Esha Mwaruwa during the DIB Kenya Award ceremony. [File, Standard]

Islamic banks could soon be allowed to fully implement Sharia banking principles without seeking exemptions from the Central Bank of Kenya (CBK).

The Central Bank of Kenya Amendment Bill, 2023 seeks to establish a regulatory framework for Islamic banks and financial institutions, to be expressly recognised under the Central Bank of Kenya Act.

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