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KCB floats first Islamic bond worth $4.4 million in Tanzania

KCB Bank Tanzania

KCB Bank Tanzania has floated its first Islamic bond worth Tsh10 billion ($4.4 million) to fund its Sahl banking asset portfolio. PHOTO | FILE | NMG

By  Hellen Githaiga

Nation Media Group

KCB Bank Tanzania has floated its first Islamic bond worth Tsh10 billion ($4.4 million) to fund its Sahl banking asset portfolio.

The Sharia-compliant paper was opened on November 9 and closes on December 5.

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