First Community Bank appoints Shariah board

Kenya: First Community Bank (FCB) has unveiled a Shariah supervisory board. The board constitutes local and international scholars to oversee the bank’s compliance to Shariah requirements. The seven members include acclaimed scholars in Islamic finance.

FCB General Manager Omar Sheikh said the bank is undertaking major transformation programmes that will see it take its rightful place in the market. This is as it tries to reach out to all Kenyans. “This is a positive step for FCB Group and its customers. With the wealth of knowledge that the scholars will bring, I am sure all Kenyans will stand to benefit,” he said. The new board is headed by Dubai based scholar Dr Hussain Hamid Hassan. Others members include  Sheikh Mohamed Alasow, Sheikh Abdi Yakub, Sheikh Ali Gure, Dr Abdallah Mohamed Abubakar, Sheikh Ishak Ismail Ahmed and Sheikh Mohamed Ummal.