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Originally published by Capital Businessbusiness
July 11, 2025
3mo ago
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.
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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.
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