Kenya eyes share of Sh780 trillion Shariah-compliant finance market.[Courtesy]
Kenya’s financial sector is pursuing a share of the rapidly expanding $6 trillion (Sh780 trillion) global Islamic finance market, as policymakers and industry leaders advocate for legislative reforms to unlock the sector’s significant untapped potential domestically.
Stakeholders emphasize the necessity of reviewing the current legal framework to attract increased capital inflows and broaden the range of Shariah-compliant financial products available in the local market.
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