Tag: The Proposed Banking (Amendment) Bill

Legislative Proposal Digest: The Proposed Banking (Amendment) Bill, 2023 by Hon. Yusuf Mohamed Farah

Introduction A legislative proposal seeking to amend the Banking Act, Cap. 488, to fill the lacunae in licensing and supervision of islamic banks or islamic financial institutions is undergoing pre-publication scrutiny before the Departmental Committee on Finance and National Planning of Kenyan Parliament. The Proposed Banking (Amendment) Bill, 2023 is