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Islamic Finance Briefing - Categorized | Banking, Emerging Trends, Finance more

Islamic finance continues to evolve in East Africa

Posted on 16 December 2011

The launch of Tanzania’s first Islamic bank, Amana Bank, last monht is the latest development in Tanzania and East Africa’s emerging Islamic finance industry. With about half the population being Muslims there is a huge potential for Shariah-compliant financial services in Tanzania.
The headquarters of the bank are in the Kariakoo trade centre in the city, the hub of commerce in Tanzania, where a significant portion of merchants are Muslims………………………………………..Full Article: Source

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