Dubai Islamic Bank unit wins Kenya licence - Trade Arabia

Dubai Islamic Bank, the largest Shariah compliant lender in the UAE, said its Kenyan subsidiary, DIB Bank Kenya, has been granted licence by the central bank to carry out operations in the east African nation. With this approval, DIB Bank Kenya has ...

CBK licenses third fully sharia compliant bank in Kenya - KDRTV

NAIROBI, KENYA: Central Bank of Kenya has issued license to DIB Bank Kenya making it the third fully Sharia compliant bank in Kenya. It joins First Community bank, and Gulf African bank licensed in 2008 and 2007 respectively. “CBK welcomes the entry of ...

CBK Licences First UAE Bank in Kenya - Footprint to Africa - Business and Financial News (press release) (registration) (blog)

The Central Bank of Kenya (CBK) has lifted the moratorium on licensing new commercial banks in the country, a testament to its confidence in the banking sector, by announcing the licensing of DIB Bank Kenya Limited. The licensing of new banks in Kenya ...

CBK issues licence to DIB, marks end of moratorium - The Star, Kenya

The Central Bank of Kenya has issued a licence to DIB Bank Kenya, which is owned by Dubai Islamic Bank, signaling the end of a moratorium placed in November 2015.The announcement made yesterday will make DIB Kenya the third fully Shariah ...

Dubai Islamic Bank sets foot in the Kenyan market - The Standard (press release)

Dubai Islamic bank becomes the latest entrant into the Kenyan banking sector after being licensed by the central bank of Kenya to offer financial services across the country. The move also makes Dubai Islamic bank the third fully sharia compliant bank ...

CBK boosts Islamic finance with Emirates' bank licence - The Standard (press release)

United Arab Emirates (UAE) lender, Dubai Islamic Bank, is set to start operations in Kenya as the Government seeks to issue a Shariah-compliant Sukuk bond. Kenya aims to become a regional hub for Islamic banking while setting the sector as a source of ...

CBK licenses third Sharia compliant bank - K24 TV

DIB becomes the third fully Shariah compliant bank to be licensed in Kenya after Gulf African and First Community Banks in 2007 and 2008 respectively. DIB is a fully owned subsidiary of Dubai Islamic Bank PJSC (DIB PJSC) of the United Arab Emirates ...

Dubai Islamic Bank gets licence for Kenya operations - Business Daily (press release) (blog)

The Central Bank of Kenya (CBK) has licensed DIB Kenya - owned by the United Arab Emirates' largest Shariah lender Dubai Islamic Bank - to carry out business in the country. CBK said in a statement that DIB intends to exclusively offer Shariah ...

CBK licences Dubai Islamic Bank - Capital FM Kenya (press release) (blog)

By KENNEDY KANGETHE, NAIROBI, Kenya, Apr 28 – The Central Bank of Kenya (CBK) has licensed Dubai Islamic Bank after the bank fulfilled its stipulated requirements. The move comes even as the regulator is yet to lift the moratorium it had imposed on ...

Kenya issues licence to shariah-compliant DIB Bank, first since 2015 - Nasdaq

(Adds details, background) By George ObulutsaNAIROBI, April 28 (Reuters) - Kenya's central bank has issued a licence to DIB Bank Kenya Ltd, which is owned by United Arab Emirates-based Dubai Islamic Bank , the first by the central bank since ...

Kenya's cenbank issues licence to DIB Bank - CNBCAfrica.com

Kenya's central bank said on Friday it had issued a licence to DIB Bank Kenya Ltd, a unit of United Arab Emirates-based Dubai Islamic Bank, to operate in the east African nation. “DIB intends to exclusively offer shariah-compliant banking services in ...