Amana Bank (Tanzania) Explained
Amana Bank is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.[1]
Location
The headquarters and main branch of Amana Bank are located in Golden Jubilee Tower, along Garden Avenue, in the central business district of the city of Dar es Salaam, the largest city and financial capital of Tanzania. The geographical coordinates of Golden Jubilee Tower are: 06°48'49.0"S, 39°17'21.0"E (Latitude:-6.813611; Longitude:39.289167).
Overview
The bank is a fully licensed Islamic banking institution., the bank had over 34,000 customers, served through seven branches, of which five were in Dar es Salaam, one in Mwanza and one in Arusha.[2] As of 31 December 2017, the bank's total assets were valued at TSh 204 billion (US$89.7 million), with shareholders' equity of TSh 23.7 billion (US$10.43 million).[3]
History
Amana Bank was established in 2011 with paid-up capital of TSh 27 billion (approx. US$12.6 million in 2016 money). It is the first fully Sharia-compliant bank in Tanzania. The discussions to establish this bank date back to October 2009, among prominent Tanzanian business personalities.[4]
Branch Network
As of September 2018, the bank maintained branches at the following locations:[2] [5] [6]
- Headquarters Branch: 2nd Floor, Golden Jubilee Tower, Ohio Street, Dar es Salaam Main Branch
- Nyerere Branch: DRTC House, Nyerere Road, Dar es Salaam
- Lumumba Branch: Lumumba Street, Kariakoo, Dar es Salaam
- Mbagala Branch: Mbagala Zakhem, Mbagala, Dar es Salaam
- Tandamti Branch: Tandamti Street, Opposite Kariakoo Market, Dar es Salaam
- Arusha Branch: Ground Floor, Hugo Plaza Building, Corner of Wapare Street & Majengo Street, Arusha
- Mwanza Branch: Ground Floor, Plot no 231, Block T, Kenyatta Street, Mwanza
- Tanga Branch - North East side of Uhuru Park, Market Street, Tanga
- Zanzibar Branch - Zanzibar (In Development)[7]
- Pemba Branch - Pemba (In Development)[7] [8]
External links
Notes and References
- Web site: 8 May 2018 . 30 June 2017 . . Dar es Salaam . PDF . Directory of Banks and Financial Institutions Operating in Tanzania as of 30 June 2017 . Bank of Tanzania.
- Web site: 8 July 2016 . Dar es Salaam . Tanzania: Amana Bank Loans Reach TSh 170 Billion in Five Years Time. 8 July 2016. Alvar. . Mwakyusa.
- Web site: 8 May 2018 . PDF . Audited Financials for the Year Ended 31 December 2017. Amana Bank Limited . Amana Bank Tanzania Limited . Dar es Salaam . 24 March 2018 .
- Web site: Amana Bank: Corporate Profile: Origin of the Bank . Dar es Salaam . Amana Bank Tanzania Limited . Amana Bank . 8 May 2018 . 8 May 2018 . https://web.archive.org/web/20180508121623/http://www.amanabank.co.tz/en/corporate-profile/corporate-profile . 8 May 2018 . dead .
- Web site: 8 May 2018 . 8 May 2018 . List of Branches of Amana Bank Tanzania Limited . Dar es Salaam . Amana Bank Tanzania Limited . Amana Bank Tanzania . https://web.archive.org/web/20180508185155/http://www.amanabank.co.tz/en/find-a-branch/find-a-branch . 8 May 2018 . dead .
- Web site: Bank of Tanzania dispels Islamic bank closure rumours . 29 November 2017 . 8 May 2018 . . Nairobi . Victor . Karega.
- Web site: Tanzania: Amana Bank Set to Open Two More Branches . 8 July 2016 . 8 July 2016 . . Dar es Salaam . Rosemary . Mirondo.
- Web site: Amana Bank to Open Seven New Branches in Various Regions . 8 May 2018 . 2014 . Corporate Digest . Corporate Digest.
