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KCB and Mastercard roll out Islamic Finance Payments Solution under the Sahl Banking offering

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KCB and Mastercard roll out Islamic Finance Payments Solution under the Sahl Banking offering
KCB and Mastercard roll out Islamic Finance Payments Solution under the Sahl Banking offering

KCB Bank and Mastercard have launched an Islamic finance payments solution for customers under the Sahl Banking offering, giving customers a convenient and secure platform to manage their spending while accessing exclusive lifestyle and travel benefits.

Additionally, KCB has unveiled the Sahl Agency banking network, which will allow customers to deposit funds, withdraw cash, make payments and access essential banking services through agents.

The payment solutions have been developed to comply with Islamic finance principles, with the card 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, KCB Group Director, Strategy & Innovation.

The card offers benefits tailored to modern lifestyles, particularly for customers seeking Muslim-friendly travel and lifestyle experiences. Mastercard World Elite and Gold Credit Cardholders will enjoy offers on accommodation, dining, shopping, and leisure experiences enabled through Mastercard’s global network.

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KCB and Mastercard roll out Islamic Finance Payments Solution under the Sahl Banking offering

Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands, Mastercard, said the partnership aims to support an inclusive digital economy where individuals and communities can make payments 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.

The card also includes spend management controls, transaction alerts, concierge services and an Islamic-themed design

Eligible customers will also have access to Mastercard Collection travel, dining, and lifestyle offers available to World Elite cardholders.

Through this, customers can enjoy privileges, including access to culinary moments, travel benefits, and experiences designed to enrich their everyday lives, both locally and globally, where available.

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