Amana Bank (Tanzania)


Amana Bank is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.

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.

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. As of 31 December 2017, the bank's total assets were valued at TZS:204 billion, with shareholders' equity of TZS:23.7 billion.

History

Amana Bank was established in 2011 with paid-up capital of TSh27 billion. 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.

Branch Network

As of September 2018, the bank maintained branches at the following locations:
  1. Headquarters Branch: 2nd Floor, Golden Jubilee Tower, Ohio Street, Dar es Salaam Main Branch
  2. Nyerere Branch: DRTC House, Nyerere Road, Dar es Salaam
  3. Lumumba Branch: Lumumba Street, Kariakoo, Dar es Salaam
  4. Mbagala Branch: Mbagala Zakhem, Mbagala, Dar es Salaam
  5. Tandamti Branch: Tandamti Street, Opposite Kariakoo Market, Dar es Salaam
  6. Arusha Branch: Ground Floor, Hugo Plaza Building, Corner of Wapare Street & Majengo Street, Arusha
  7. Mwanza Branch: Ground Floor, Plot no 231, Block T, Kenyatta Street, Mwanza
  8. Tanga Branch - North East side of Uhuru Park, Market Street, Tanga
  9. Zanzibar Branch - Zanzibar
  10. Pemba Branch - Pemba