We would like to see our banks playing an increased role in such initiatives. Commercial banks must therefore facilitate long term financing projects. It would be apt at this juncture to commend the Kenyan banking sector that is well represented here today for expanding its footprint across the East African region. Regional banking is a relatively “virgin” service that should be encouraged.
In conclusion, I wish therefore to emphasize that while Islamic Banking and Finance is envisaged to significantly contribute to Economic Growth and Development, it remains an emerging field in the Financial System worldwide.