1 First Community Bank Limited
2 Gulf African Bank
3 Sharjah Islamic Bank
Trading
List of Islamic Banks in Kenya
Published by Gbaf News
Posted on April 4, 2013
1 min read· Last updated: September 27, 2024
Key Takeaways
- First Community Bank (now Premier Bank) was Kenya’s first fully fledged Islamic bank, starting operations June 1, 2008.
- Gulf African Bank commenced Islamic banking operations in early 2008, making it the second licensed Shari’ah compliant bank in Kenya.
- Sharjah Islamic Bank is based in the UAE and not a Kenyan Islamic bank, likely included mistakenly.
References
Frequently Asked Questions
Which Islamic banks operate in Kenya?
The main fully fledged Islamic banks in Kenya are First Community Bank (now Premier Bank) and Gulf African Bank.
When did First Community Bank start operations?
First Community Bank received approval in 2007 and commenced operations on June 1, 2008.
Is Sharjah Islamic Bank in Kenya?
No – Sharjah Islamic Bank is headquartered in the UAE and does not operate as a bank in Kenya.
Tags
Related Articles
Iran says deal on Strait of Hormuz is close but will not open the waterway by itself
Bulgaria's Radev says drone exploded in Bulgaria's airspace
British music festivals stage tentative revival with perks and payment plans
Taipei says China's traffic control order for Taiwan Strait during typhoon is 'ridiculous'
US expects deal soon on Strait of Hormuz; Sunni powers unite in defense pact
More from Trading
Explore more articles in the Trading category
How Technology Is Quietly Reshaping Trading Infrastructure
Why Smarter Trading Depends on Better Information
How AI Is Supporting Smarter Trading Decisions
The Infrastructure Behind Faster and More Reliable Trading
The Psychology Behind Better Trading Decisions
Why Emotion Remains One of Trading's Biggest Challenges
Why Trading Technology Is Becoming More Invisible—and More Important
The Next Evolution of Digital Trading Platforms
The Growing Role of Real-Time Data in Modern Trading
Trading in Uncertain Markets: Why Preparation Matters More Than Prediction
The Overlooked Role of Position Sizing in Trading Success
Why Successful Trading Often Starts With Risk, Not Returns