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A Mombasa court has summoned the head of Islamic banking at Absa Bank to shed light in a case where the lender is being accused of charging conventional banking interest on a shariah-compliant facility.
The bank is involved in a legal tussle with A.O Bayusuf and Sons over Sh25 million interest charged on a Sh300 million loan that Absa - formerly Barclays Bank - had advanced the client.
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