25.11.2011 - First Islamic bank takes off
An Islamic bank, Amana Bank Limited, that would be observing Sharia regulations, was on Thursday launched in Dar es Salaam. The Islamic banking system does not charge or accrue interests. The Board of Directors Chairman, Mr Haroon Pirmohamed, said the Bank is a result of a need for an alternative to conventional banking system that provides ethical and fair modes of banking for all.............................................Full Article: Source
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