Gulf African Bank
Commercial bank, Central Bank of Kenya, Islamic banking
978-613-9-66014-8
6139660149
76
2012-01-14
34.00 €
eng
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Gulf African Bank, whose full name is Gulf African Bank Limited, is a commercial bank in Kenya. It is one of the forty-four banks licensed by the Central Bank of Kenya, the national banking regulator. Discussions to establish the bank started in 2005, by individuals and institutions from the Persian Gulf and Kenya. The bank was began banking operations in 2008, after receiving a commercial banking license and authorization to establish a Sharia bank, from the Central Bank of Kenya. Gulf African Bank is the second commercial bank in Kenya to receive authorization to practice Sharia banking, after First Community Bank, which opened in 2007. At the time it opened, its capital base totaled over US$21 million.
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