The South African bank is expanding its target market to meet diverse investor needs.

Absa Bank has expanded its offerings of Shariah-compliant structured certificates to Kenya. The two structured products were unveiled during a branch opening in eastern Nairobi, in a first for Kenya’s Islamic banking market. The USD-denominated tranche offers an upside participation of 200% with the return capped at 30% and is observed averaged monthly over the final seven months The east African country is one of Absa Group’s top five target markets, which also include Botswana,

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