- About Us
Amal Microfinance
Empowering Communities with Ethical, Shariah-Compliant Microfinance
We are more than a microfinance institution — we are a partner in growth, dignity, and empowerment.
Our Mission
To empower Tanzanian by providing ethical and Shariah compliance microfinance and Takaful services, ensuring financial inclusion, and supporting sustainable development.
Our Vission
To be Tanzania’s most trusted Shariah-compliant microfinance institution, enabling individuals and businesses to thrive while staying true to their values and faith.
Our Core Values
The principles that guide everything we do
Integrity
We operate with honesty, fairness, and full transparency.
Community First
We serve to uplift society and support those in need.
Shariah Compliance
Reviewed and approved by qualified Islamic finance scholars.
Empowerment
We believe in building futures, not just financing.
Partnership
We grow together with our clients, sharing risks and rewards fairly.
Innovation
Technology to make ethical financing accessible, fast, and convenient.
What We Offer
A comprehensive range of Shariah-compliant microfinance solutions
Murabaha Financing
Cost-Plus Financing
We buy the item you need (e.g. machinery, equipment) and sell it to you for a set profit. You pay it back in fixed installments.
Mudaraba Financing
Profit Sharing
We provide capital for you to trade on our behalf. Profits are shared as agreed, and losses are shared per contract terms.
Musharaka Partnership
Partnership
We partner with you to fund a business. Profits/losses shared based on investment ratio.
Qardh
Benevolent Loan
We support you with zero profit charges. Our Qardh product offers a simple, ethical way to access the financial help you need.
Ijara Leasing
Lease to Own
We buy the asset and lease it to you, granting you the right to use and benefit from it (usufruct) for an agreed period.
Istisna Financing
Custom Manufacturing
We finance a product built to your specifications at an agreed fixed price, with delivery on a set date fully Shariah-compliant.
Diminishing Musharakah
Gradual Ownership
We jointly purchase an asset, and you gradually buy out our share over time until you become the full owner.
Salam
Advance Purchase
Pay in full now for agreed goods to be delivered later, securing fixed price and supply while giving the supplier upfront capital.
Commodity Murabaha
Cost-Plus Financing
Sometimes you need quick cash for personal or business needs. This product offers a powerful, Shariah-compliant way to secure that funding.
Takaful:
Mutual Support and Protection
At Amal Microfinance, we offer a Shariah-compliant alternative to conventional insurance, built on the principles of mutual cooperation and solidarity. This is known as Takaful.
Instead of a traditional insurance model, Takaful operates as a cooperative system where participants contribute to a common fund. This fund is used to help any member of the group who suffers a loss.
How Takaful Works
Mutual Cooperation: You and other participants contribute to (Tabarru) a Takaful fund. Here, participants are co-owners, not creditors.
Solidarity: The fund is established with the intention of supporting one another in times of need — not for profit or indemnity. The fund is yours and acts as a guarantee pool”. The operator is your “Wakeel” (agent) or Trustee.
Ethical Principles: Our Takaful products are free from interest (riba), gambling (maysir), and excessive uncertainty (gharar), making them a transparent and ethical choice for your protection needs.
Amal Takaful agency works with various Takaful funds to provide our customers with support in times of need.
Why Choose Amal Microfinace?
Experience the difference of ethical finance
- Trusted & Regulated – Licensed under Tanzanian microfinance regulations.
- 100% Shariah-Compliant – No interest, no hidden charges, fully halal financing.
- Mobile-First Solutions – Apply and repay via WhatsApp, mobile app, or website.
- Community-Centered Approach – Designed to protect dignity, not exploit need.
- Expert Guidance – Supported by experienced financial professionals and Shariah advisors.
- Fast & Flexible Financing – Quick approvals with repayment plans tailored to your needs.
Our Commitment to You
When you choose Amal Microfinance, you’re not just accessing finance — you’re joining a community built on trust, compassion, and shared success. Together, we aim to build a future where financial inclusion is ethical, accessible, and sustainable.
Frequently Asked Questions (FAQ)
What is Amal Microfinance Co. Ltd?
We are a licensed microfinance institution in Tanzania offering Shariah-compliant financing and Takaful services. Our solutions are ethical, interest-free, and designed to support individuals, businesses, and communities.
What makes your services Shariah-compliant?
All our financing and Takaful products follow Islamic principles, meaning no interest (Riba), no uncertainty (Gharar), and no prohibited activities. Our operations are guided by a Shariah Supervisory Board.
Who can apply for your financing?
Any Tanzanian citizen or legal resident with a valid NIDA ID and proof of income or business activity can apply. We serve individuals, small businesses, and organizations.
What is Takaful?
Takaful is a cooperative system of protection where members contribute to a pool used to support each other in times of need. It is a Shariah-compliant alternative to conventional insurance.
How long does it take to get approved?
Our approval process is fast — in many cases, you’ll receive a decision within the same day after completing your application and providing all required documents.
Do you charge any hidden fees?
No. All our terms are transparent and agreed upon before you accept the financing or Takaful coverage.
How do I apply?
You can apply online through our website, visit our branch, or contact us via phone or WhatsApp.
Can I apply for both financing and Takaful services?
Yes. You can access our financing solutions and also choose from our range of Takaful products for additional protection.
Do I need collateral for a loan?
Collateral requirements depend on the type and amount of financing you apply for. Some products require collateral, while others do not.
Where can I find your offices?
Our main office is located in 42 Marenda Street,
Mikocheni Industrial Area, Dar Es Salaam. You can also reach us via phone, email, or WhatsApp for assistance.
Get Started with Ethical Financing or Takaful Protection
Join thousands of Tanzanians who trust Amal Microfinance for fair, ethical financing and Shariah-compliant protection