Mwinyi: Islamic banking ensures economic growth

Indonesian teacher Nina Ramadhaniah hopes for “blessings from Allah” by opening a sharia bank account -- the sort of pious customer the world’s most-populous Muslim-majority country is praying for as it launches an Islamic finance drive.

The government has engaged the World Bank to provide consultancy in preparing a regulatory framework for operations of Islamic banking.

>Tanzania has big potential for Islamic finance and it would be the Islamic banking hub in east Africa, an expert has said.

Newly established financial institutions recorded fast growth in 2013, pointing to an absorption capacity that is still significant.

Meneja Uendelezaji Biashara wa Benki ya NBC, Eddie Mhina (kushoto), akizungumza na baadhi ya wateja wa benki hiyo katika semina waliyowaandalia kuhusu bidhaa mbalimbali zinazopatikana kupitia huduma hiyo. Hafla hiyo ilifanyika jijini Mwanza hivi karibuni. Mkuu wa Kitengo cha Huduma za Kibenki zinazofuata misingi ya Kiislamu (Islamic Banking) za Benki ya NBC, Yassir Masoud (kushoto), akizungumza na baadhi ya wateja wa benki hiyo katika semina waliyowaandalia kuhusu bidhaa mbalimbali...

Meneja Uendelezaji wa Biashara wa Benki ya NBC, Eddie Mhina (kulia), akizungumza na baadhi ya wateja wa benki hiyo kuhusu huduma za kibenki zinazofuata kanuni na misingi ya kiislamu (Islamic Banking) katika warsha ya siku moja waliyowaandalia wateja wa NBC mkoani Mtwara hivi karibuni. Mkuu wa Kitengo cha Huduma za Kibenki zinazofuata misingi ya Kiislamu (Islamic Banking), cha Benki ya NBC, Yassir Masoud (kulia), akielezea kuhusu huduma hizo wakati wa warsha ya siku moja waliyowaandalia...

Shein Targets 10 Pc Economic Growth
AllAfrica.com
Zanzibar — Chama Cha Mapinduzi (CCM) Isles presidential candidate, Dr Ali Mohamed Shein, has promised to raise Zanzibar's economic growth from the current 7.2 to 10 per cent in the next five years if re-elected, vowing also to sustain the government ...

Zanzibar's Economic Growth Promising
AllAfrica.com
The State forecasts that economic growth will accelerate this year, a conducive scenario for envisaged development targets. Presenting development plans for 2014/2015, Dr Mwinyihaji Haji Makame, the Minister for State in the President's Office (Good ...

The initial estimates for the Tanzania budget for 2015/2016 is about Sh22 trillion. This is an increase of about Sh3 trillion as compared to last year’s budget. When presenting these estimates in April 2015, the Finance minister stipulated that about Sh13 trillion is expected to be raised from various taxes administered by the Tanzania Revenue Authority.