Mayzuh Company Limited official Website

Mayzuh Company Limited, Executive Chairman, Shk Issa Mohamed Hemed, has been contracted by United Nation Finance Commission for Africa (UNFCA). The assignment if for working as a consultant to Savanna Ethical Financing Instrument (SEFIL), based in Kenya, in which he is also an Executive Chairman. The contract is for establishment of a framework for Islamic Capital Markets products for Uganda Capital Markets Authority (CMA). The three months contract is the first of its kind for Shk Issa by the global body and it's a continuation of his works with government authorities in East and Central Africa. Shk Issa has trained CMSA (2022) and Dar es salaam Stock Exchange (DSE) in 2023 in Tanzania as well as training to Zambian Lusaka Securities Exchange (LuSE) in Sukuk bonds. Shk Issa has worked on similar mission where he worked with Ministry of Finance in Tanzania on establishment of Sovereign, Quasi-Sovereign and GREs Sukuk Bonds Guidelines (2022) and Sovereign, Quasi-Sovereign and GREs Bonds Guidelines (2023) as the sole Shari'ah-governance and compliance consultant. He has also worked with Tanzania Capital Markets and Securities Authority (CMSA) in the establishment of Corporate, Municipals and Subnationals Sukuk Bonds Guidelines 2023 which were gazetted in Tanzania government Gazette No 731 in November, 2023. He has also worked with Tanzania Insurance Regulatory Authority (TIRA) in the establishment of TIRA Takaful Guidelines 2022 on Islamic insurance for Tanzania.

Mayzuh Company Limited conducted yet another capital markets regulatory body Sukuk Training in Lusaka-Zambia. The two-days Sukuk training was for the top Lusaka Securities Exchange (LuSE) officials lead by LuSE Chief Executive Officer, Mr. Nicholas Kabaso. This is the third Sukuk training to capital markets regulatory board conducted by Mayzuh Company Limited. It all started in 2022 in Tanzania with a Sukuk training to the country's Capital Markets and Securities Authorities (CMSA) officials led by its CEO, CPA Nicodemus Mkama and other top officials. Then it was followed by a Sukuk training to Dar es Salaam Stock Exchange (DSE) top officials and technical team which was conducted in 2023. Mayzuh Company Limited conducted trainings in Sukuk, Islamic Banking, Islamic Insurance (Takaful) to financial regulators, ministries and corporate in several countries in Sub-Saharan Africa.

Kenya Gets a New Islamic Finance Company Nairobi Kenya has a new entrant into Islamic finance after Savanna Ethical Financing Instruments Limited (SEFIL) gets its licence from Kenya business registration service, licence No PVT-MKUM56X6 dated 10th November, 2023. According to SEFIL’s Secretary Mr. Feisal Ibrahim, the company has its offices at KASNEB TOWER, Elgon Road in Nairobi West area. “We are pleased to inform the general public that SEFIL is here and ready to work with all stakeholders in Islamic finance to bring about alternative financing services especially to those who can’t be involved in non-Shari’ah compliant financial services. We deal with both public and private sector clients”, Mr. Feisal said. The company shareholders and directors are members of the society with knowledge, respect and integrity with years of experience in various realms of financial industry both locally and internationally. “We have a capable team lead by Sheikh Issa, Mohamed Hemed, the well-known Tanzanian Islamic scholar and an expert in Islamic finance specifically being a Certified Sukuk Professional (CSP) as well as a guru in capital markets in East Africa, Mr. Robert Mathu, among other professionals at SEFIL”. SEFIL aims to deal in all Islamic finance components like Islamic banking, Microfinance, Takaful, Sukuk bonds, Halal funds etc. indulging in providing consultancy, advisory, trainings, systems setups, product designing and implementation, Shari’ah Advisory, project financing arrangements through Sukuk bonds and other related services in Islamic finance industry. The entry of SEFIL in East African Islamic finance market is expected to boost that industry in the area and SEFIL aims to make Nairobi a regional hub for Islamic finance.