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The first groups began a four-day training programme on Monday, September 21, in Taita Taveta County, Mombasa and Garissa, with the programme expected to expand to other parts of the country.
Speaking at the Islamic Finance Forum and Dialogue 2026 in Nairobi on Thursday, Hassan said regulators and industry players should work together to develop a framework that supports Islamic finance across banks, Saccos and other financial institutions, while also improving financial literacy among communities unfamiliar with the products.
Speaking at the Islamic Finance Forum and Dialogue Conference 2026 on Thursday, Muriithi said the Income Tax Act and the Value Added Tax Act already recognise Islamic finance arrangements, while the Public Finance Management Act recognises Sukuk as a form of government security.
SASRA reported that the ratio of non-performing loans to gross loans among DT-Saccos increased to 6.56 per cent in June, from 6.42 per cent three months earlier.
Those directed to appear before the authority are Moyale Raha Transporter's Company Limited, Etams Classic Limited, Eastern Link Travellers Company Limited, Manchester Travellers Coach Limited and Lake Naivasha Maii-Mahiu Line Service Limited.
The latest setback came in April 2026 when the National Assembly turned down amendments that had been approved by the Senate. The Bill has since been taken to a Mediation Committee, further delaying its journey to the President for assent.
Under the proposed law, a borrower who defaults on a Sh10,000 loan would not be expected to pay more than Sh10,000 in interest, preventing unpaid loans from growing into overwhelming debts.
The Stima Sacco Chief Executive Officer, in an interview with Radio Generation, says that before any professional title, he is first a husband and a father to three children. Looking back at his life, he says those roles remain his greatest achievement.
NSSF Sacco Chair Livingstone Masai said the co-operative has evolved from a small society formed by National Social Security Fund (NSSF) employees into a nationwide financial institution serving members from different organisations and individual savers.
The Sacco Societies (Amendment) Bill, 2025, now before the National Assembly, proposes far-reaching changes to the way saccos are regulated. One of its key proposals is to allow members to claim protected deposits from the Deposit Guarantee Fund once a sacco's licence or authorisation has been revoked.
The clarification comes after days of public anxiety sparked by reports alleging that the government planned to tap into more than Sh1 trillion held in SACCO deposits to bankroll infrastructure projects through the proposed National Infrastructure Fund and infrastructure bonds.
Speaking on Radio Generation on Thursday , Marube said misinformation circulating on social media about the proposed Sacco Societies (Amendment) Bill has caused unnecessary anxiety among millions of cooperative members.