KCB Bank has partnered with Mastercard to introduce the Sahl Card, a Shariah-compliant payment solution designed to offer Islamic banking customers secure, convenient and values-driven financial services.
The launch forms part of KCB’s Sahl Banking proposition and is accompanied by the roll out of the Sahl Agency Banking network, which allows customers to deposit funds, withdraw cash, make payments and access other banking services through a network of agents.
Developed in line with Islamic finance principles, the Sahl Card allows customers to make everyday purchases while remaining aligned with Shariah-compliant financial practices.
“We remain committed to developing financial solutions that reflect the diverse needs and aspirations of our customers,” said Mark Mwongela, KCB Group Director, Strategy & Innovation. “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.”
The card also comes with lifestyle and travel benefits. Mastercard World Elite and Gold Credit Cardholders will gain access to exclusive offers on accommodation, dining, shopping and leisure experiences through Mastercard’s global network.
“We are actively powering an inclusive digital economy where every individual and community can pay with confidence,” said Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard. “Our collaboration with KCB gives consumers a payment solution built around their values and lifestyle.”
Eligible customers will also have access to The Mastercard Collection, which offers curated travel, dining and lifestyle experiences for World Elite Mastercard cardholders. Additional features include spend management controls, transaction alerts, concierge services and an Islamic-themed card design.
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Also Read: What You Need to Know About KCB Sahl Banking Card and Agency Banking