Kenya’s Parliament is seeking to amend the Central Bank Act to allow the establishment of a Shariah-compliant monetary policy. The Central Bank (Amendment) Bill, 2023, proposes the institution of a CBK Advisory Council responsible for monetary decisions and regulation of Shariah banks, differentiating them from conventional banks. The Central Bank of Kenya (Amendment) Bill 2023 … Continue reading Kenya Seeks to Establish Shariah-Compliant Monetary Policy