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Tanzania: Stanbic Bank widens Shariah banking

Posted on 08 September 2010

From Allafrica.com: Stanbic Bank Tanzania limited is seeking to widen its Shariah banking facility following a positive response to the bank’s May 4h, 2010 pioneering initiative in the Tanzania financial market.
The Managing Director of Stanbic Tanzania bank limited, Bashir Awale said last week during at Iftar function at the Movenpick Hotel in Dar es Salaam: “We have recently submitted a proposal to the Bank of Tanzania (BoT) to widen the scope of Shariah banking to bring Shariah banking closer to our customers.”………………………………………Full Article: Source

 
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