Islamic bank opens new branch in CBD
Dubai Islamic Bank Kenya (DIB) has opened a branch in Nairobi’s Central Business District (CBD), the lender's sixth branch in Kenya.
DIB, which exclusively offers Sharia-compliant banking, has branches in Nairobi's Upperhill, Westlands and Eastleigh, and Bondeni and Moi Avenue in Mombasa. Chief Executive Peter Makau yesterday said the bank is targeting a huge market that needs Islamic banking services.
“We have been able to tap into that market and given confidence to customers who want to access Sharia-compliant banking services,” he said.
In a ceremony to celebrate four years of existence in Kenya last year, Mr Makau said the bank recorded a 9.25 per cent growth in total assets to close at Sh14.6 billion with financing assets growing by 16 per cent to close at Sh10.2 billion as at August 2021.
DIB has an agency partnership with Co-operative Bank that is aimed at increasing access to customers who are far from the bank's branches.
