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Originally published by Capital Business
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business
August 20, 2025
1d ago

Absa Bank launches Shariah-compliant account for women entrepreneurs

Absa Bank launches Shariah-compliant account for women entrepreneurs

La Riba Sultanah provides access to Shariah-compliant personal and business financing, mentorship and coaching, online training, networking events, and business advisory services. Kenya breaking news | Kenya news today |..

✨ Key Highlights

Absa Bank Kenya has introduced La Riba Sultanah, the nation's inaugural Shariah-compliant bank account exclusively for women entrepreneurs. This initiative aims to foster financial inclusion by offering savings, investment, and business growth tools aligned with ethical and Shariah principles.

  • La Riba Sultanah offers access to Shariah-compliant personal and business financing, mentorship, online training, and market access opportunities.
  • Yusuf Omari, Chief Financial Officer at Absa Bank Kenya, stated the product empowers women without compromising their values.
  • The account was launched during the 2025 Absa Annual Islamic Conference in Nairobi, which also saw the formation of the Association of Shariah-Compliant Services Providers of Kenya.

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