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Islamic Finance grew by a big margine over the last years

10th December, 2014

Over the last 6 years, Islamic finance has grown from an idea to a full blown phenomenon, which has evolved from just banking to insurance, investments, and pensions... And transverse even to the conventional banking sector, with major commercial banks adopting Islamic windows to tap into this growing segment. Even the government is planning to tap the 2 trillion dollar global Islamic financial industry, through the Sukuk bond. As such the capital markets authority wants to prepare the domestic financial markets to leverage on the opportunities that will arise by providing a wider diversity of products to attract local, regional and global funds. CMA has convened an Islamic finance strategic roundtable, as it seeks to prioritize the development of Kenya as a centre of excellence in Islamic finance.