The Tanzanian Islamic banking scene is heating up as the year closes with the People’s Bank of Zanzibar, a state-owned commercial bank, launching an Islamic banking window just days after the mainland witnessed the launch of the country’s first fully Islamic bank, Amana Bank.
Zanzibar is an island in the Indian Ocean under the administration of the unitary government of Tanzania. The island’s population is 99% Muslim offering a thriving base for the Islamic banking model………………………………………..Full Article: Source