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Tanzania: Bank to offer loans under Islamic law

Posted on 18 May 2011

Stanbic Bank Tanzania Limited is set to launch mortgage loans, vehicle loans and home loans through its Shariah Banking product sometime this year, its senior official has said.
According to Mr Mohammed Issa, the bank’s board supervisor Shariah banking, the service is expected to start in the next few months whereby the product’s customers will access loans, which are shariah compliant……………………………………….Full Article: Source

 
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