These are financial products available in the market for all Kenyans. Second, who says non-interest based financial transactions are based purely on Islam? In fact after the recent global financial crisis, Osservatore Romano, the Vatican Newspaper published an article extolling the merits and successes of Islamic banking and voiced its approval of Islamic finance. Even the World Bank recognises Islamic finance as an effective tool for financing development worldwide, including in non-Muslim countries. Before the introduction of Islamic banks and Islamic windows in the conventional banks, we had a deliberately unbanked citizens who did so in order to maintain their religious sanctity.

Source: Standard Digital June 09, 2017 21:00 UTC