Absa Bank Kenya PLC has unveiled La Riba Timiza, the country’s first fully mobile Shariah-compliant banking platform by a Tier one bank, alongside the new La Riba Card—both designed to deepen financial inclusion and serve Kenya’s diverse consumer base.

According to the lender, La Riba Timiza offers seamless mobile access to Islamic-compliant savings, payments, and instant financing through the Timiza app or USSD (*848#), while the La Riba Card provides flexible payment solutions, cashback rewards, and exclusive Visa perks. 

The La Riba Timiza and La Riba Card are based on Murabaha, an Islamic principle that strictly forbids transactions involving interest, and have been developed in close consultation with Absa Bank’s independent Shariah Board to ensure they adhere to Islamic finance standards and meet the financial needs of the Muslim community.

La Riba banking is designed not only to serve Muslim customers but also to accommodate conscientious non-Muslim customers who follow Shariah guiding principles and values.