National Bank of Kenya Wins Court Order to Recover KSh146.8 Million From Golden Cara

The High Court entered judgment in favour of National Bank of Kenya (NBK) on November 9, ordering the bank to recover KSh146,874,691 from Golden Cara Investments Ltd over a defaulted Shariah-compliant financing facility.The court refused to award the bank any additional profit or commercial interest, stating that the claim was unsupported by evidence and that imposing conventional interest would breach the principles of the Musharakah agreement, but it granted statutory interest at court rates on the principal sum from the date of judgment until full payment.