I urge all players in the sharia compliant banking to embrace the spirit of cooperation and competition as they come up with ways of product and service standardization. Kenya has pioneered in sharia compliant banking in this region but other countries in the region are headed in that direction, with Tanzania already having two fully Sharia compliant banks.
Somalia is another country keen on modeling its emerging financial system predominantly along sharia compliance as it reconstructs. To maintain Nairobi as the predominant Financial Centre in East & Central Africa we need to develop necessary expertise and capacities in both conventional and sharia compliant financial systems.