Islamic banking in Kenya has steadily gained momentum, providing ethical, interest-free financial solutions grounded in Shari’ah principles. While there are only a few fully-fledged Islamic banks in the country, several conventional banks offer Islamic windows to serve this growing market.
This guide outlines the main Islamic banks in Kenya, highlighting their services, branch presence, and contact details.
1. Gulf African Bank (GAB)
Gulf African Bank is Kenya’s first fully Shari’ah-compliant bank, operational since January 2008. It offers ethical, interest-free financial services tailored for both individuals and businesses, regardless of religious affiliation. The bank plays a vital role in financing SMEs and large-scale enterprises through customized Islamic financial products.
Head Office: Geminia Insurance Plaza, 1st Floor, Upper Hill, Nairobi
Branches: Nairobi, Nakuru, Eldoret, Garissa, Malindi, Mombasa, Lamu
Contacts: 0711 075 000 / 0729 111 537
Email: [email protected]
Website: www.gulfafricanbank.com
2. DIB Bank Kenya Limited
DIB Bank Kenya is a fully owned subsidiary of Dubai Islamic Bank—one of the pioneers in global Islamic finance. It brings together traditional Shari’ah values and modern digital banking practices to offer innovative, customer-centric financial solutions. DIB Bank Kenya serves individuals, corporates, and SMEs with a wide range of Shari’ah-compliant banking products.
Head Office: Nairobi
Contact: +254 20 709 913111
Website: www.dibkenya.co.ke
3. Premier Bank Kenya (Formerly First Community Bank)
Premier Bank, formerly operating as First Community Bank (FCB), is a fully licensed Shari’ah-compliant financial institution. The bank focuses on offering affordable and innovative Islamic banking services and has expanded its footprint across Kenya.
Head Office: FCB Mihrab Building, Ring Road, Kilimani, Nairobi
Branches: Nairobi, Kisumu, Lunga Lunga, Malindi, Mombasa, Moyale, Nakuru, Wajir
Contacts: 020 2843000 / 0725 843000
Email: [email protected]
Website: www.premierbank.ke
Islamic Banking in Kenya: A Growing Financial Option
Islamic banking offers an alternative to conventional financial systems by eliminating interest and promoting risk-sharing, fairness, and ethical investing. It appeals not only to Muslims but also to anyone seeking ethical banking solutions. In recent years, demand for Shari’ah-compliant services has surged, prompting even traditional banks to open Islamic finance windows.
The sector is regulated by the Central Bank of Kenya (CBK), ensuring compliance with both Shari’ah standards and national financial regulations.
