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Tanzania Lacks Islamic Banking Regulations

09 July  2021: Tanzania Lacks Islamic Banking Regulations

The Bank of Tanzania will fasttrack regulations to support Islamic banking in the country.

Finance and Planning Minister Mwigulu Nchemba has advised the chairman of the Islamic Foundation Aref Nahdi to liaise with his office to come up with the regulations and have the same effected.

The minister was addressing the inaugural session of the seventh African Islamic finance Summit 2021 held today in Dar es Salaam.

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