TANZANIA’S FIRST FULLY SHARIA COMPLIANT BANK Dr. Muhsin Salim Masoud Managing Director

The Beginning  The foundation of Amana Bank can be traced back to October 2009 when a group of prominent Tanzanian business personalities met and set in motion the establishment of a first Islamic bank in Tanzania.  Today, Amana Bank is wholly owned by a diverse base of Tanzanian businessmen who are committed to the success thereof.  Amana Bank is Tanzania’s first fully Sharia compliant bank, offering products that address the needs of not just Muslims but everyone in the country.

Our Mission and Vision Our Mission To provide unique and innovative financial solutions which are Sharia compliant in an ethical and transparent manner driven by cutting-edge technology for the benefit of all stakeholders. Our Vision We aspire to be the preferred and leading provider of Sharia compliant financial solutions in our markets. Our Core Values Transparence Professionalism Receptive Ethical Trust

Amana Bank as an Islamic Bank 1.Sharia Supervisory Board (SSB)  Members ‐ Dr. Mukhawi M Mukhawi – Sudanese (Chairman) ‐ Prof. Salim M. Badamana – Kenyan (Member) ‐ Dr. Abdallah Y. Tego – Tanzanian (Member)  Approving all products and services along with their policies and Manuals.  Supervise and approve the development of Sharia compliant procedures. 2.Internal Sharia Unit  Comprised by fulltime staff to handle daily operations.  Conduct Internal Sharia Reviews to determine whether the transactions, processes and products are undertaken as approved by SSB. Islamic Banks worldwide use these standards as guideline and references. 3. AAOIFI  Accounting Standards  Sharia Standards  Governance Standards

Our Products & Services Liability products Saving/Current Accounts  Personal/joint Saving  Hajj Saving  Nuru Saving  An-nisaa Saving  Salary Saving  Student Saving  Biashara Current  Ihsaan Current  Corporate Current  NGO Current  Kilimanjaro Diaspora  Ashraf Banking (Private Banking) Term Deposit  3 – 12 Months Other services Foreign Exchange  Spot FX Transaction  Forward FX  Mudharabah Interbank Placement  Tawarruq (Commodity Murabaha) Asset products Murabaha Financing  Asset  Working Capital  Building Materials  Plot Financing  Consumer Financing Ijarah Financing  Service Ijarah  Usufruct Ijarah LCs  Wakala LC  Murabaha/Musharakah LC Bank Guarantees Musharakah Financing Qardhan Hassan  Salary Advance Fund Transfer Services  TISS  TT (Inward and Outward)  Banker’s Cheque  Tancis (Tax collection for custom duty)  Western Union/Money gram Others  Internet Banking  SMS Banking  Documentary collections  Special Cheque Clearance  Direct Debit

Our Trend in Deposits, Asset & Financing

Our Success Story  Acceptance of Amana Bank as an Islamic Bank in the Market  Support from the Central Bank of Tanzania  Advanced Banking technology in the Market  Support from other existing banks  In business deals  Human resource

Success Story – Islamic Banking in Tanzania  Bank of Tanzania to allow establishment of Islamic Banking in Tanzania.  Development of Islamic Regulatory frame work by the Central Bank  Introduction of Seminars and Short trainings on Islamic Banking and Finance  Establishment of Islamic Insurance – (Takaful)  Introduction of Islamic Courses, Certificates and Degrees in Higher Learning Institutions

Challenges – Islamic Banking in Tanzania  Lack of Islamic Finance Legal Frame work in place  Limits on participation in local Money Markets  Lack of Islamic Insurance - Takaful  Knowledge of Islamic Banking

Our Offices & Branches Lumumba Branch Lumumba Street Head Office 2nd Floor, Golden Jubilee Tower Nyerere Branch Nyerere Road Tandamti Opposite the Kariakoo Market. Main Branch Golden Jubilee Tower. Mwanza Branch Kenyatta Road Arusha Branch Hugo Plaza Mbagala Br. Mbagala Zakhem

Thank you Together, on the right path