Role Of Islamic Banks In Welfare Improvement: Case Study First Community Bank, Northern Kenya Wajir Branch

ABSTRACT

The people ofWajir have a long time and still earning their living from livestock keeping like

camels, cattle, goats, sheep and very few from peasantry agriculture where bananas, maize,

mangoes, tomatoes are grown majorly for subsistence purpose. The minority of people in

Wajir district are dealing in motor vehicles mechanics, taxi drivers. The majority women

inclusive are petty traders with retail and wholesale business in Wajir district:

The research focused on the role played by First Community Bank Ltd as an Islamic

commercial Bank to the society in Wajir District. During the study period oral interviews,

observation, questionnaire, journals and review of library materials were used to collect the

necessary data.

It was recommended that the feasible way to foster welfare improvement in Wajir district is

by extending/offering credit services to the society by Islamic banking institutions and also to

mobilize their saving culture and target them to profitable microeconomic ventures. In this

way, many will get access to funds which can be invested and in time they may raise enough

so as to fend for themselves. It is hoped that when the number of people who get access to

those credit services increase in Wajir district, welfare improvement will be as well be checked.