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The Ramadan is a time of enhancing worship and piety. KCB Bank Kenya, in an effort to express its commitment to Islamic Banking, held an Iftar Dinner in Nairobi on Friday 30th May 2018 as a way of honoring and appreciating its Muslim clients. It was an opportunity to celebrate the importance of diversity and to enjoy the traditions of hospitality.
Speaking during the event, KCB Corporate Banking Director Moezz Mir called on the Muslim faithful to exercise kindness and compassion as recommended in the holy month of Ramadhan.
“I would like to express my gratitude for accepting our invitation to this annual Ramadan Iftar gathering, with a belief that it will continue to cement our partnership that we have built over the years”, said Moezz.
The Banking unit recently reconstituted their Sharia Board, adding two new members in a bid to tighten the governance structures. The Shariah board continues to offer invaluable services to the Bank ensuring that KCB operates within the accepted regulations that govern Islamic finance.
KCB Bank Head of Sahl Banking Molu Halkano said the offering is part of KCB Group’s financial inclusion agenda that progressively looks at incorporating products and services to reach out to the unbanked population.
“We continue to enhance our Islamic banking proposition to meet the customers’ needs by bringing new levels of efficiency through widening the variety of our Banking products and service offerings”, said Molu.
The Bank has diversified into new products that include but not limited to investments, deposits and financing options that range from trade finance, asset based finance and personal finance”, said Molu.
KCB Sahl currently offers a number of liability and asset products. The liability products include Sahl Jiinue Account, Sahl Simba savings, Sahl Bankika Business banking; Sahl School Current account for SMEs, as well as for corporate entities. The bank also offers asset and trade finance products such as Mortgages, Guarantee/Bonds, Bills/ financing against Invoice, Working Capital Facilities as well as unsecured cheque-off facilities among others.