Overview
Amana Bank Limited stands as Tanzania’s pioneer in full-fledged Islamic banking, operating entirely according to Shariah principles which prohibit interest and promote ethical financial practices. The bank offers a comprehensive range of Islamic banking products including Mudarabah (profit-sharing), Musharakah (joint venture), Murabaha (cost-plus financing), and Ijarah (leasing) structures tailored for retail and corporate clients. Amana serves Tanzania’s significant Muslim population as well as non-Muslims attracted to ethical banking alternatives. Beyond religious compliance, the bank emphasizes social responsibility, ethical investment, and risk-sharing principles in its operations. Amana’s Shariah board of Islamic scholars ensures all products and services adhere to Islamic financial principles while meeting modern banking needs.