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| 28 April, 2017

Kenya's cenbank issues licence to DIB Bank

Dubai Islamic Bank.

Dubai Islamic Bank.

Dubai Islamic Bank

Dubai Islamic Bank intends to exclusively offer shariah-compliant banking services in Kenya," the Central Bank of Kenya said

NAIROBI, April 28 (Reuters) - Kenya's central bank said on Friday it had issued a licence to DIB Bank Kenya Ltd, a unit of United Arab Emirates-based Dubai Islamic Bank, to operate in the east African nation.

"DIB intends to exclusively offer shariah-compliant banking services in Kenya," the Central Bank of Kenya said in a statement. "DIB's entry will expand the offerings in the market, particularly in the nascent shariah-compliant banking niche."

(Reporting by George Obulutsa; Editing by Biju Dwarakanath) ((george.obulutsa@thomsonreuters.com; Tel: +254 20 499 1232; Reuters Messaging: george.obulutsa.thomsonreuters.com@reuters.net))