Rotich Henry, Treasury Cabinet Secretary, has made capital markets Regulations to regulate online foreign Forex traders in Kenya. In the Regulations, Rotich has banned binary options. Many have been left wondering. What are binary options? Why should they be banned? We shall explain. An option is a contract, that gives a buyer a right, but … Continue reading Why Henry Rotich has banned Binary options in Kenya

By Gatuyu Justice This piece was first published in the Business Daily on Wednesday, September 20, 2017. It's available here One of Kenya’s biggest lenders has recently announced it was weighing the prospect of cutting back on disbursement of personal loans guaranteed by salaries. This impending change in lending strategy is apparently being driven by expected … Continue reading New accounting standards could affect bank lending

By gatuyu t.j Teach them, the Sunnah. Read them, the Quran. And they, will be commercially inspired. In the year 1998, the Islamic board of the Dow Jones Index issued a fatwa. It decreed certain "permissible impurities" in issuance of equity Islamic instruments and set out methods of cleansing them. With that, modern Islamic financial … Continue reading Ingenuity in Structuring Islamic Banking Products

  By gatuyu Justice Multinationals look at tax treatment of an entity or instrument under the laws of various tax jurisdictions and use the one that would lead to double non-taxation or long-term deferral.  Introduction Sovereign states do set their municipal tax systems as they deem fit. They determine entities or instruments which are subject … Continue reading Neutralizing the Effects of Hybrid Mismatches in Cross Boarder Taxation

By Gatuyu J. On Friday 1 September 2017, shortly after the Supreme Court pronounced its verdict on the petition on presidential election, trading at the Nairobi Securities Exchange (NSE) experienced a large intra-day trading price swing, causing a temporary trading halt. The last time trading was halted due to the index going below the permissible … Continue reading Temporary Apocalypse of the Nairobi Securities Exchange