KCB, Mastercard launch Shariah-compliant payments solution under Sahl Banking
From left; KCB Sahl Banking head, Hemed Hassan Wangalwa, KCB Group Director Strategy and Innovations Mark Mwongela, Shariah Advisory Council Chairman, Sheikh Ibrahim Lethome and Mastercard Senior Vice President and Country Manager for EA and Indian Ocean Islands, Shehryar Ali pose for a photo during the Kcb Sahl Banking card & agency launch at Radisson Blu Hotel in Nairobi yesterday.
By Peter John
KCB Bank has partnered with Mastercard to introduce an Islamic finance payments solution aimed at expanding access to Shariah-compliant banking services in Kenya.
The bank has rolled out the Sahl Card under its Sahl Banking offering, providing customers with a secure and convenient platform to manage spending while enjoying lifestyle and travel benefits aligned with Islamic finance principles.
KCB has also unveiled the Sahl Agency Banking network, enabling customers to deposit funds, withdraw cash, make payments and access essential banking services through agents across the country.
The new solutions have been developed in line with Islamic finance principles, allowing customers to make everyday purchases and payments while remaining aligned with their values and financial preferences.
“We remain committed to developing financial solutions that reflect the diverse needs and aspirations of our customers. The Sahl Card represents an important step in expanding access to Shariah-compliant banking solutions by providing customers with a secure, convenient and values-driven payment option that supports their everyday financial and lifestyle needs,” said Mark Mwongela.
The Sahl Card offers benefits tailored to modern lifestyles, particularly for customers seeking Muslim-friendly travel and lifestyle experiences. Mastercard World Elite and Gold Credit Card holders will enjoy access to exclusive offers on accommodation, dining, shopping and leisure experiences through Mastercard’s global network.
According to Shehryar Ali, the partnership is designed to support greater financial inclusion through value-based payment solutions.
“We are actively powering an inclusive digital economy where every individual and community can pay with confidence. Our collaboration with KCB gives consumers a payment solution built around their values and lifestyle. By combining our global network with KCB’s deep local expertise, we are connecting the Islamic banking community to the experiences and passions that matter most to them,” he said.
Eligible cardholders will also gain access to The Mastercard Collection, a premium suite of curated dining, travel and lifestyle experiences available to World Elite Mastercard customers.
The offering includes exclusive dining privileges, travel benefits and curated experiences designed to enrich customers’ lives both locally and internationally where available.
Additional features include spend management controls, transaction alerts, concierge services and an Islamic-themed card design that reflects the values and preferences of its target market.
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