TANZANIAS FIRST FULLY SHARIA COMPLIANT BANK Dr Muhsin

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

The Beginning § The foundation of Amana Bank can to October 2009 when a group Tanzanian business personalities motion the establishment of a bank in Tanzania. be traced back of prominent met and set in first Islamic § 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 Core Values Our Vision We aspire to be the preferred and leading provider of Sharia compliant financial solutions in our markets. Trust Ethical Professionalis m 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. Transparence Receptive

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. 3. AAOIFI § Accounting Standards Islamic Banks worldwide use these standards as guideline and § Sharia references. Standards § Governance

Our Products & Services Liability products Asset products Other services Saving/Current Accounts Murabaha Financing Foreign Exchange § § § § § 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 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 § Spot FX Transaction § Forward FX § Mudharabah Interbank Placement § Tawarruq (Commodity Murabaha) 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 148, 398 160, 000 140, 000 105, 644 TZS BIL. 120, 000 100, 000 66, 260 80, 000 Deposit Trend 60, 000 29, 827 40, 000 20, 000 5, 917 - 2011 2012 2013 2014 2015 168, 294 180, 000 160, 000 140, 000 118, 409 TZS. BIL 120, 000 82, 809 100, 000 80, 000 51, 960 60, 000 40, 000 26, 111 117, 925 Asset Trend 76, 161 Financing Trend 42, 581 16, 867 667 - 2011 2012 2013 2014 2015

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

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

Thank you Together, on the right path