Josephine Christopher is a senior business journalist for The Citizen and Mwananchi newspapers
Mwananchi Communications Limitted
Dar es Salaam. The Bank of Tanzania’s newly gazetted non-interest banking regulations have raised optimism for growth of Islamic finance which is expected to open up a new chapter.
Published under Government Notice No. 688 on December 19, the Banking and Financial Institutions (Non-Interest Banking Business) Regulations, 2025 are widely seen as the country’s first comprehensive attempt to mainstream Shari’ah-compliant finance, replacing years of reliance on temporary regulatory waivers.
