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Tanzania Sees Expansion of Islamic Banking

August 1, 2013
1 minute read

Two Tanzanian banks have recently announced their intention to expand their portfolio of Islamic Banking products.

National Bank of Commerce (NBC) which started its Islamic banking solutions on 2010 recently announced that this line of products is now open to all its clientele regardless of their religion.

Azaniabank has also recently announced its intention to join the growing number of banks in tanzania that provide is sharia banking products.

Tanzania Investment Guide 2026 Free Edition

Tanzania saw the opening of the first fully sharia complaint bank in 2011 when Amana bank was granted its first provisional license.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

Download Free Overview Get the Full Guide