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.
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