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Originally published by Capital Business
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business
July 9, 2026
5d ago

KCB targets Muslim customers with new banking solutions

KCB targets Muslim customers with new banking solutions

The lender has partnered with Mastercard to roll out the Sahl Card, an Islamic finance payment solution that enables customers to make everyday purchases while adhering to Shariah principles...

✨ Key Highlights

KCB Bank is expanding its Islamic banking services with new Shariah-compliant solutions targeting Muslim customers. The bank has launched a new payment card and agency banking network to cater to this growing market.

  • Partnership with Mastercard to introduce the Sahl Card, a Shariah-compliant payment solution.
  • Key organizations: KCB Bank and Mastercard.
  • The new offerings aim to improve access to Islamic banking and provide greater convenience for customers managing their finances according to religious beliefs.

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Harambee DT SACCO has written off Sh230.37 million due to unreconciled bank balances and fully impaired Sh42 million deposited with the troubled KUSCCO. In a separate development, KCB Bank is expanding its Islamic banking services with new Shariah-compliant solutions targeting Muslim customers, launching a new payment card and agency banking network to cater to this growing market. Additionally, the International Monetary Fund (IMF) has revised its global growth forecast downwards for 2026, citing risks from the Middle East conflict. These stories reflect different aspects of Kenya's financial sector alongside global economic headwinds affecting investment and growth projections.

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