First Community Bank

Premier Bank was established in 2007 as First Community Bank (FCB) to operate according to Islamic Shari'ah law by private Muslim investors in Kuwait, Kenya and Tanzania. The bank received a Kenyan commercial banking license the same year, and officially started operations in June 2008. The FCB is the first Kenya-based fully fledged bank to operate according to the laws of Shari'ah. Since the founding of First Community Bank, other Sharia compliant banks such as Gulf African Bank (GAB), Dubai Islamic Bank (DIB) and several Islamic windows operating under conversational banks have also received commercial licenses from the Central Bank of Kenya.

Subsidiaries

The bank's first subsidiary is FCB Takful Insurance Broker, in which it maintains 100% shareholding. The insurance brokerage was established in 2010. The bank also owns a second subsidiary, FCB Capital Limited, the first Sharia-compliant Investment capital in Kenya, wholly owned by First Community Bank.

Branch network

As of March 2020, the bank maintains a network of branches at the following locations:

Wabera Street Branch - Prudential Assurance Building, 1st Floor, Wing B, Wabera Street, Nairobi

Eastleigh Branch I - United Textile Centre, 1st Floor, First Avenue, Eastleigh, Nairobi