The South African bank is expanding its target market to meet diverse investor needs.

Absa Bank has expanded its offerings of Shariah-compliant structured certificates to Kenya. The two structured products were unveiled during a branch opening in eastern Nairobi, in a first for Kenya’s Islamic banking market. The USD-denominated tranche offers an upside participation of 200% with the return capped at 30% and is observed averaged monthly over the final seven months The east African country is one of Absa Group’s top five target markets, which also include Botswana,

Continue reading and get unlimited access for 7 days with a free trial of SRP.

Get a free trial

Already a subscriber? Login