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CENTRAL BANK OF KENYA PERSPECTIVE: ISLAMIC BANKING IN KENYA

AGENDA. Background.Development of Legal and Regulatory Framework for Islamic Banking.Challenges.Opportunities.. 2. KENYA'S BANKING SECTOR. 3. RECENT DEVELOPMENTS. Microfinance Act operationalised in 2008-2 institutions granted approval to conduct microfinance business in 2008.Deposit Taking Microfinance Institutions expected to commence operations in 2009.Banking(Credit Reference Bureaus) Regulations gazetted in 2008 and became operational in February 2009.Application for first Credit Refe23

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CENTRAL BANK OF KENYA PERSPECTIVE: ISLAMIC BANKING IN KENYA

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