Barclays introduces Islamic financing

Citizen Business

Business / Citizen Business 16 Views

Barclays bank of Kenya has unveiled Islamic trade financing enabling the acquisition of short-term financing by traders looking for sharia compliant banking services. The launch keeps up with the recent trend in the country that has seen the establishment of numerous sharia-compliant products in the financial sector. Speaking during the launch of the new Barclays bank Islamic division, Barclays Bank Kenya head of commercial banking, Paul Wainaina said the launch was orchestrated by customer feedback. “Customers wanted to do business with us but...