Trade Finance

Kenya leads African Islamic finance charge

With Islamic financing growing significantly in Kenya over the last five years and now accounting for 2% of the country's total banking industry, it's not surprising that Standard Charted chose Kenya as the first African nation in which to launch its Sadiq suite of Islamic banking products. Trade Finance caught up with Wasim Saifi, Standard Chartered's global head of Islamic banking, to find out what Islamic trade products it has planned for Kenya and why the bank sees Africa as the new growth frontier for the $1 trillion plus Islamic finance market.

Miller hires Islamic insurance specialist

Broking firm, Miller has recruited Razi Sulaiman, a treaty reinsurance and takaful specialist, for its Malaysia operations. Miller anticipates significant future growth in the takaful sector and Razi will help to further develop the company's presence in this arena. Razi Sulaiman has built up knowledge of treaty and facultative reinsurance having specialised in technical support and claims previously. He began his career with Uni Asia Insurance before joining Miller. Working closely with Faris Davidson and the rest of the team in Malaysia he will help to grow Miller’s treaty and facultative book, focussing on Malaysia, Brunei & Indonesia and with particular emphasis on the takaful sector.

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