Diamond Trust Bank in Kenya plans to offer Islamic services via Habib bank

Diamond Trust Bank plans to leverage on its equity partner, Habib Bank, to offer Islamic banking products, the new product in the global financial services sector. “Islamic based banking product is on our radar screen and we intend to tap in to Habib Bank experience to roll it out,” said Mahmood Manji, the bank chairman. Habib Bank acquired 3.72 per cent of Diamond Trust’s shares during the Rights Issue carried out last year, making it the third largest shareholder in the bank.

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