+255 24 223 1121
- Tanzania
- Zanzibar
- Banks, Credit Unions
- The People’s Bank of Zanzibar (PBZ)
The People’s Bank of Zanzibar (PBZ)
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Company name
The People’s Bank of Zanzibar (PBZ)Location
P. O. Box 1173 Darajani, Zanzibar, Tanzania
Contact number
+255 24 223 1189
+255 24 223 1118
+255 24 223 1118
Fax
Website address
Working hours
- Monday: 8:30 am - 3:30 pm
- Tuesday: 8:30 am - 3:30 pm
- Wednesday: 8:30 am - 3:30 pm
- Thursday: 8:30 am - 3:30 pm
- Friday: 8:30 am - 3:30 pm
- Saturday: 8:30 am - 12:00 pm
- Sunday: Closed
E-mail address
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Company description
The People’s Bank of Zanzibar Ltd established Islamic banking services in 2011 to add a new package to its service offering to the public. The bank started the proposition by offering deposit products and towards the end of the year it started offering financing facilities in the form of Bai Murabahah and Bai Muajjal to commercial and individual customers. As the products proved to be a success, management continued with offering other products to cope with market demand and hence, Mortgage Financing, Education financing and IKHLAS Rent Financing were introduced. Currently, additional products like Commodity Murabbah (TAWARRUQ), Musharaka, Istisna, Salam, Hajj financing and Murabahah Revolving Line are in offering.
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