Sukuk issuance will spur Islamic finance industry

Managing Director, Aqeel Consultancy Ltd Jaafar Abdulkadir. [File, Standard]

The Islamic finance (IF) industry in Kenya is considered relatively well developed. It ranks ahead of many African peers in terms of vibrancy and the potential for further growth.

With the growing number of the IF industry players locally, which include banks, insurance firms, cooperative societies and pension funds, the industry will boost Nairobi as the IF hub in the region.