My Chat With a Bank CEO - DIB Bank Kenya CEO Peter Makau

Kenyan Wallstreet

Peter Makau, the CEO of DIB Bank Kenya hosted the second session of my chat with a bank CEO online event by Kenya Bankers Association.

Islamic finance was introduced in Kenya more than a decade ago following the introduction of Sharia-Compliant banking in the country. Since its inception the banking model has grown rapidly, making Kenya a leading regional market for Islamic banking. Various banks have entered the market, leveraging on investment opportunities presented by the financing option.

Peter Makau shares insights on how Kenya is one of the countries that have the largest potential for growth of Islamic banking and debt securities (sukuk).

Currently, there are three fully-fledged Islamic banks in Kenya. To keep pace with demand, some banks have set up an Islamic banking desk, a specialised operational entity.