Gulf African Bank (GAB) is a leading Small and Medium Enterprises (SME) bank in Kenya, operating within the confines of Shari’ah principles. GAB is an SME-focused financial partner dedicated to supporting your business growth.
It actively supports the growth of the SME sector by providing comprehensive financing and business development services designed to effectively speed up growth for your business and the country.
The institution became the first Islamic bank in Kenya, incorporated on August 9, 2006, and began full operations on January 8, 2008, after receiving Kenya’s first fully-fledged commercial banking license from the Central Bank of Kenya as a dedicated Islamic bank.
Since 2008, the bank has been actively involved in driving growth within Kenya’s financial sector, serving as a one-stop financing and business development centre for corporates, small and medium enterprises (SMEs), and retail customers.
Istithmar World holds the largest ownership stake of the bank at 21.84%. Both Al-Salam Bank and Sheikh Abdullah Mohamed AbdulAziz Al Romaizan each own 20.94% of the shares.
The International Finance Corporation also holds a 14.94% stake, while Gulfcap fzc owns 7.02%.
At the same time, the Trade and Development Bank, formerly known as the Eastern and Southern African Trade and Development Bank, holds a 5.23% ownership stake.
Gulf African Bank reported a stable financial position in the first quarter of 2025, with total assets standing at Ksh 46.49 billion, up from Ksh 44.92 billion in the previous quarter.
Gulf African Bank Branches
The following are the bank’s locations;
| Branch Name | Location/Address | Town/City |
|---|---|---|
| Head Office | Geminia Insurance Plaza, Kilimanjaro Avenue, Upper Hill | Nairobi |
| Eastleigh Branch | Eastleigh Mall, General Waruinge Street | Nairobi |
| Westlands Branch | 9 West Building, Ring Road, Westlands | Nairobi |
| Kenyatta Avenue Branch | Hughes Building, Kenyatta Avenue | Nairobi |
| Luthuli Avenue Branch | Luthuli Avenue | Nairobi |
| Mombasa Branch | Kasa Building, Jomo Kenyatta Avenue | Mombasa |
| Malindi Branch | Opposite Malindi Complex | Malindi |
| Garissa Branch | Al-Waqf Quran House | Garissa |
| Lamu Branch | Next to Lamu Fort | Lamu |
| Eldoret Branch | Zion Mall | Eldoret |
| Nakuru Branch | Westside Mall | Nakuru |
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Loans Offered
Asset Financing
You can get at least Ksh 100,000. You can also get financing for insurance premiums. Vehicles should be 7 years old or newer.
Used vehicles can be financed up to 80% for 40 months.
New vehicles can be financed up to 95% for 60 months. New machinery can be financed up to 50%.
SME Financing
SME unsecured hybrid financing is available for Small and Medium Enterprises (SMEs) that have been operating for at least 2 years.
Features:
- The smallest amount you can get is Ksh 1,000,000.
- The largest amount you can get is Ksh 5,000,000.
- It offers flexible security options like stock, logbooks, title deeds, and chattels mortgages.
- It includes credit risk guarantee cover from the African Guarantee Fund (AGF).
- The longest you can take to repay the financing is 2 years.
- You can get 100% financing.
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Construction & Mortgage Loan
If you are thinking of developing your urban land to rent or sell, the bank offers the financing.
Features:
- You can get up to 10 years for financing commercial and residential properties.
- GAB (presumably “Guaranty Trust Bank” or a similar institution) offers financing for urban property:
- Residential properties can get 80% financing.
- Commercial properties can get 75% financing.
- The repayment period can be up to 10 years.
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