Islamic banking is a system of conducting business activities in line with the principles of Islamic Shari’a’. It follows the rules and provisions of Islamic jurisprudence pertaining to trade and business, so-called fiqhal muamalat (Islamic rules on transactions.
Islamic banking avoids all the prohibited activities such as riba (usury-interest), gharar (uncertainty), financing of haram (forbidden) trades & businesses like alcoholic beverages, pornography, gambling, etc.
Mpawa Insurance Agency is fully owned by Stima DT Sacco Society Limited. The Agency was licensed under the Insurance Act on 20th May 2019 and offers all classes
of insurance, both life and non-life including medical products.