KCB, Mastercard Launch Shariah-Compliant Payment Solution to Expand Islamic Banking in Kenya

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KCB Bank has partnered with Mastercard to introduce a new Shariah-compliant payment solution aimed at expanding access to Islamic banking services in Kenya.

The bank unveiled the Sahl Card under its Sahl Banking offering, providing customers with a secure and convenient payment option that aligns with Islamic finance principles. The card is designed to help customers manage their daily spending while enjoying a range of lifestyle and travel benefits.

In addition to the card, KCB launched the Sahl Agency Banking Network, enabling customers to deposit and withdraw cash, make payments, and access essential banking services through a network of agents across the country.

KCB Group Director for Strategy and Innovation, Mark Mwongela, said the initiative reflects the bank's commitment to offering inclusive financial solutions that cater to the diverse needs of its customers.
"The Sahl Card represents an important step in expanding access to Shariah-compliant banking solutions by providing customers with a secure, convenient, and values-driven payment option that supports their everyday financial and lifestyle needs," he said.

The Sahl Card offers exclusive benefits, including access to Mastercard's global network of travel, dining, shopping, and leisure experiences. Eligible World Elite and Gold cardholders will also enjoy premium lifestyle privileges through The Mastercard Collection, alongside spend management controls, transaction alerts, concierge services, and an Islamic-themed card design.

Mastercard Senior Vice President and Country Manager for East Africa and the Indian Ocean Islands, Shehryar Ali, said the partnership supports the company's vision of building a more inclusive digital economy.

He noted that combining Mastercard's global payment network with KCB's local expertise will provide Islamic banking customers with payment solutions that reflect their values while connecting them to secure and rewarding financial experiences.

The partnership marks another milestone in Kenya's growing Islamic finance sector, as both institutions seek to promote greater financial inclusion through innovative, values-based banking product

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