C
Originally published by Capital Business
📰 Read Full Article
business
July 11, 2025
3mo ago

Absa launches Kenya’s first shariah-compliant mobile banking platform

Absa launches Kenya’s first shariah-compliant mobile banking platform

NAIROBI, Kenya, July 11 - Absa Bank Kenya has unveiled La Riba Timiza, the country’s first fully Shariah-compliant mobile banking platform by a Tier 1 Kenya breaking news | Kenya news today |..

✨ Key Highlights

Absa Bank Kenya has launched La Riba Timiza, the country's first fully Shariah-compliant mobile banking platform, aimed at enhancing financial inclusion within the growing Islamic finance market.

  • La Riba Timiza allows users to make payments, access short-term financing, and save ethically, all while prohibiting interest.
  • Abdi Mohamed, CEO of Absa Bank Kenya, highlighted the launch as a commitment to ethical banking.
  • The service includes the La Riba Card, which offers riba-free payment options and other benefits tailored for customers interested in Shariah-compliant solutions.

Continue Reading

Read the complete article from Capital Business

📰 Read Full Article

Part of the Day's Coverage

Kenya's Business Challenges and Innovations

High costs and informality hinder Kenya’s business capital growth, while Absa launches a shariah-compliant mobile banking platform.

2 stories in this topic
View Full Coverage