Advertisement KCB and Mastercard Launch Shariah-Compliant Payment CardNew Sahl Card and agency banking network aim to expand access to secure, values-driven Islamic financial services in Kenya.KCB Bank has partnered with Mastercard to introduce a Shariah-compliant payment solution under its Sahl Banking proposition, expanding access to Islamic banking services through a new payment card and agency banking network.The bank unveiled the Sahl Card, designed to give customers a secure and convenient way to manage everyday spending while remaining aligned with Islamic finance principles. At the same time, KCB launched the Sahl Agency Banking Network, enabling customers to deposit funds, withdraw cash, make payments and access essential banking services through authorized agents.The rollout marks another step in KCBs strategy to deepen financial inclusion by offering products tailored to the diverse financial and lifestyle needs of its customers.Expanding Shariah-Compliant BankingThe Sahl Card allows customers to make everyday purchases and digital payments while adhering to Islamic banking principles.According to Mark Mwongela, KCB Group Director for Strategy and Innovation, the solution reflects the banks commitment to providing inclusive financial products that meet the evolving needs of customers.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, he said.KCB and Mastercard Launch Shariah-Compliant Payment CardLifestyle and Travel BenefitsBeyond everyday payments, the Sahl Card offers customers access to a range of lifestyle and travel privileges through Mastercards global network.Mastercard World Elite and Gold cardholders will benefit from exclusive offers on accommodation, dining, shopping and leisure experiences.Eligible customers will also enjoy access to The Mastercard Collection, a premium platform that provides curated dining experiences, travel benefits and exclusive lifestyle privileges in selected destinations around the world.Additional features include transaction alerts, spending management controls, concierge services and an Islamic-themed card design that reflects the values of its target customers.Strengthening Inclusive Digital PaymentsMastercard says the partnership supports its broader goal of building a more inclusive digital economy by delivering payment solutions that align with customers values and preferences.Speaking during the launch, Shehryar Ali, Senior Vice President and Country Manager for East Africa and the Indian Ocean Islands at Mastercard, said the collaboration combines Mastercards global capabilities with KCBs local market expertise.We are actively powering an inclusive digital economy where every individual and community can pay with confidence. Our collaboration with KCB gives consumers a payment solution built around their values and lifestyle. By combining our global network with KCBs deep local expertise, we are connecting the Islamic banking community to the experiences and passions that matter most to them, he said.Growing Islamic Finance in KenyaThe introduction of the Sahl Card and the Sahl Agency Banking Network highlights the growing demand for Shariah-compliant financial services in Kenya.By combining secure digital payments with convenient agency banking services, KCB aims to make Islamic banking more accessible while supporting customers seeking financial solutions that align with their beliefs and everyday banking needs.The partnership also reinforces the role of collaboration between banks and global payment providers in expanding financial inclusion and accelerating the adoption of digital financial services across Kenya.The post KCB and Mastercard Launch Shariah-Compliant Payment Card appeared first on Africa Business News.