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Islamic Finance Briefing - Categorized | Banking, Market Moves more

Tanzania: Islamic banking ‘invades’

Posted on 04 May 2010

From Allafrica.com: Tanzanians will experience new waves in the banking sector as they start to enjoy the benefits of Islamic Banking, which forbids earning of interests in the banking transactions.
NBC Bank announced over the weekend the introduction of Islamic Banking window, which is consistent with Shariah law, just a day after another bank, Stanbic, introduced the same………………………………………Full Article: Source

 
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