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Gulf African Bank is 15 years old, also marking 15 years since Shari’ah compliant banking - pioneered by the Bank - successfully debuted in the Kenyan market offering Kenyans an innovative financing and investing model underpinned by trust and ethics. Gulf African Bank’s product offering is 100 % Shari’ah compliant.
The products are structured in tandem with the requirements of the Islamic financial model. All products, services and related financial transactions are reviewed and approved by the Shari’ah board, which sits independent of the bank’s board of management. In particular, Islamic law prohibits usury, the collection and payment of interest, also commonly called Riba in Islamic discourse.
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