MAYZUH COMPANY LIMITED
Knowledge-Technology-Capital
About Mayzuh
Mayzuh Company Limited is a Tanzanian-based company with subsidiaries in Uganda and Zambia dealing, among other things, in general merchandize business as well as specialized services on Islamic Finance.In Islamic Finance, Mayzuh Company Limited deals in Consultancy, Training, Advisory, Shari'ah Accounting and Auditing in the following realms of Islamic Finance; -
- Sukuk instruments structuring
- Legal and Regulatory Frameworks
- Islamic Banking
- Islamic Insurance (Takaful)
- Islamic Microfinance
- Islamic Mutual Funds (i-CIS, i-REITs and i-ETFs)
- Islamic Pension Funds
- Islamic Social Funds (Zakah, Waqf)
- Islamic Halal Industry (Halal Food, Halal Tourism, Halal Pharmaceuticals, Halal Fashion etc.)
Begining with Securities Investment & Trading Course (SIT) which will be conducted from 16th February to 06th March 2026, the two MoU signatories will cooperate to conduct the course both physically and online. at the end of this course, certificates will be provided.
The Sukuk proceeds are intended to enable the company to purchase a modern building materials plant from Germany and revolutionalize housing construction in Tanzania because the materials which will be produced will lower building cots and time as well as offering energy efficient houses.
According to Mayzuh Chief Executive Officer, Sheikh Mohamed Issa, "everything is in place. we are just waiting for CMSA. Investors are asking when will the Sukuk be available in the market on daily basis. This shows that Sukuk appetite is high especially after landmark historic Quasi-Sovereign Zanzibar Sukuk which was issued on March this year:, he said.
The Sukuk Lead Arranger is Yusra Sukuk Company Limited, the one which led Zanzibar Sukuk issuance, and its Shari'ah Advisor is Centre for islamic Finance Compliance and Advice (CIFCA) which is Zanzibar Sukuk Shari'ah Advisor as well.
The plant will be built in Pera village Chalinze district in Pwani region industrial area and is expected to produce bulding matirials for up to 15,000-20,000 housing units.
Our Clients
Sukuk financing
Mayzuh Company Limited: The Sukuk Powerhouse in Africa
From its Financials Department, Mayzuh Company Limited embarked on a business of looking for strategic investors to finance various projects across the African continent and beyond. Working with its partners in Dubai, South Africa, Kenya, Uganda, Zambia and United Kingdom, Mayzuh Company Limited can link you to financiers for your projects in order to get the financing you need. All you need to do is to sign off Non-Disclosure and Confidentiality Agreement and a Consultancy contract with us in which you appoint us to act on your behalf to find the appropriate financiers for your needs via Sukuk bond issuances.
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Fay Sukuk Closes with Oversubscription at TZS 1.503 billion
Fay Sukuk issued by Fay Sukuk Properties Company Limited, was opened for its subscription as private placement Sukuk issuance. Mayzuh Company Limited structured the Sukuk, the first real estate Sukuk in Tanzania capital markets. The Sukuk, a 5-year tenor was a Hybrid Ijarah/Istisna with annual rental rate of 13%, was approved by CMSA for subscription on 22nd of July 2026 and opened its subscription on 5th August but started investors subscription on 11th August 2026. The Sukuk closed its subscription on 15th August closing at TZS 1.503 billion which is 117% oversubscription with a TZS 3.0 million above the approved oversubscription amount. The Sukuk was led by Yusra Sukuk Company Limited, as the Sukuk Lead Arranger/Transaction Manager. This Sukuk opens the way for more real estate Sukuk as it has showed that there is a huge investors' appetite to force the lead Arranger to limit the number of investors who could invest into it otherwise, it would have been oversubscribed many times. Mayzuh Company Limited is currently structuring Uburezi Sukuk in Rwanda which is a US$ 17 million for the University of Kigali new campus. The Sukuk is expected to be issued soon.
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Mayzuh to Issue a Gold Mine Sukuk in Zambia
Mayzuh Company Limited (Zambia) has secured a deal to issue a Sukuk for a mining project in northwestern Zambia. The mini, Kambimba Resources Limited Gold Mine, is a new gold mine that is looking for capital to start its mining operation as early as 2027. The Sukuk, a US$ 100 million 5-year tenor, being issued by the mine's Special Purpose Vehicle (SPV) called Kabimba Gold Sukuk Limited, is destined for EAC, SADC and COMESA regions, is with a rate of return 7.5% per annum payable semi-annually. The Sukuk will be the first in mining industry in east and central Africa and will attract investors even beyond east Africa, SADC region contributing into Zambia's capital market's growth. Mayzuh has also entered into a Consultancy Agreement with Mwayi Argisol Project to issue a Sukuk worth USD 30.0 million with five years maturity, for the construction and running costs of a state-of-the-art building materials in Kapiri Mposhi Zambia. This is expected to be the largest Sukuk issuance in Zambia and indeed the whole of central Africa.
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Premier Sukuk: Mayzuh Company's 1st Ever Sukuk
Mayzuh Company Limited have facilitated the issuance of Premier Sukuk -the first ever Socially Responsible Investments (SRI) Sukuk, in Sub-Saharan Africa. This is non-other than Premier Sukuk with Yusra Sukuk Company Limited, a Tanzanian-based Capital Markets dealers. The five-years maturity game changer Sukuk in Tanzanian local markets was intended for TZS 1.2 billion but ended up at TZS 1.94 billion. It has a yield rate of 13% per annum payable twice a year with commencement from 3rd June 2024 is expected to mature at 2029. The Sukuk has been issued for building Premier Girls Secondary School hospital that will serve both Premier Schools (Girls and Boys, Pre, Primary and Secondary) as well as the communities around the schools in Bagamoyo district located in Pwani region in Tanzania. Mayzuh Company Limited is among the Top 10 global Islamic Consultancy Firms as per Islamic Financial News, based in Kuala Lumpur, Malaysia.
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More Sukuk to Come in Tanzanian Market
As the signs are showing, there is an increasing demand for financing in Africa with infrastructure estimated at an annual USD 100 billion according to Africa Development Bank (AfDB, 2019 report). Tanzanian corporates are showing a great appetite for Sukuk trough Mayzuh and Yusra Sukuk. We hope many more Sukuk are along the way into the capital market in Tanzania
Learn MoreOur Services
Consultancy
We do consultancy works on all Islamic financials services such as projects proposals on establishment of a an Islamic financial service. Mayzuh deals with trainings, Shari'ah advisory and consultancy services and setup for Islamic Windows and Fully-Fledged Islamic bank. We got experts with more than twenty five years in the field in African countries stretching from South Africa, Nigeria, Ghana, Malawi, Kenya, Uganda, Zambia, DR Congo, Burundi and many others in Sub-Saharan Africa region. We also deal in a wide range of Islamic Finance such as Takaful (Islamic Insurance), Sukuk (Islamic Bonds), Islamic Microfinance, Islamic Mutual Funds, Waqf, Zakah and Halal Industry. Our experts have got years of experience in all these fields. In 2024, Mayzuh worked with Yusra Sukuk Company Limited in structuring Premier Sukuk to raise TZS 1.2B only to end up with TZS 1.924B (US$ 730,000). It was for construction of Premier Girls High School's hospital. In 2025, it also worked with Yusra Sukuk again for structuring of Zanzibar Quasi-Sovereign Sukuk to raise US$ 446 million in two tranches and in tranche one, they raised USD 152 million. In 2026, it has structured Fay Sukuk, a US$ 570,000, for construction of a real estate owned by Stemregen Properties Limited based in Tanzania. Currently, Mayzuh is working with Yusra Sukuk Company Limited again for Uganda Sovereign SGR Sukuk issuance, a Euro 464 million at its last issuance stage. Meanwhile, Mayzuh is working as Consultant for Uburezi Sukuk, a US$ 17 million University of Kigali new campus Sukuk. Mayzuh is also in various stages of Sukuk structuring across Africa such as Kabimba gold mine Sukuk in Zambia, a US$ 365 million; a Coal mine Sukuk in Suth Africa- a US$ 500 million. Mayzuh has experienced team of experts in various realms both in conventional and Islamic finance including five (5) dedicated Certified Sukuk Professionals and has its own Shari'ah Advisory Board.
Trainings
With experts and Shari'ah Scholars, Mayzuh Financials department of Mayzuh Company Limited is the right place for your training needs in all Islamic financial services. Using our experts, we provide training and consultancy services in all components of Islamic finance from Islamic Banking, Takaful, Sukuk, Islamic Microfinance including Waqf and Zakah management. We also provide trainings and consultancy services on Risks and Risks Management for the same on customized basis. We also provide specialized trainings and consultancy services for country regulators on Islamic banking, Takaful, Sukuk and Islamic Microfinance. Mayzuh is establishing an online Islamic finance training platform to be called Paradigm Online Islamic Training to provide basic, intermediate and advanced curriculum on Islamic Banking and microfinance; Islamic capital markets (Sukuk, i-CIS, i-REIT and i-ETF) as well as Islamic Insurance (Takaful) as affordable fees to enable more people to learn Islamic finance. I will be doing so in collaboration with its strategic stakeholders in Islamic Finance in Tanzania and across the globe such as CMSA, DSE, TIRA, Yusra Sukuk Company Limited, Yusra Takaful Brokerage Company Limited, ZIC Takaful, Albarakah Takaful and CIFCA (Tanzania), AlIbtihaj Management Consultants (Dubai), Salihin Advisory (Malaysia) and others.
Shari'ah Advisory
We provide Shariah Advisory services on all your needs on Islamic finance. Thinking of Shari'ah training on governance and auditing? Yes, you are in a right place. We conduct Shari'ah Advisory on Shari'ah-compliant Investment Schemes such as Unit-Linked Collective Investment Schemes and Real Estate in Trust. We also advisory services on Halal products such as Halal foods, Halal Tourism, Halal Pharmaceutical etc. In Short, we deal with any Shari'ah-compliant products that suits your needs.
Auditing
Accounting and Auditing of Islamic Financials services is a new field. We offer to assist you in meeting your accounting and auditing needs for your Islamic financial services. Islamic financial activities such as Islamic Banking, Takaful, Sukuk Microfinance etc. need accounting and auditing services as well. The Accounting and auditing of these services is a special field that need people with knowledge of Financial and Accounting Standards (FAS) from Accounting, Auditing Organization of Islamic Financial Institutions (AAOIFI) and as well as Islamic Financial Services Board (IFSB) Prudential and Governance Standards. In MayZuh, we got these people at your service
Credit Rating
We have a partnership with a dedicated team of international experts on Islamic finance who can do credit rating on your Islamic financial services and issue an internationally recognized credit rating certificate
Courses
We can hook you up with Islamic finance courses providers where you can learn any Islamic finance field such as Islamic banking, Insurance (Takaful), Securities (Sukuk), Microfinance etc
Core IT Systems
Mayzuh is a partner to core IT software on Islamic Banking, Takaful, Microfinancing etc. form internationally renown software companies to cater for your needs
Zakat Calculus
We can help you with Zakat calculations for our Islamic financial services. Islamic Finance is all about economic development and social responsibilities. zakat helps to balance between the two. We will assist you
Events
Mayzuh Company limited has provided a specialized training to Alpha Capital on Halal Fund. The five-days training was conducted at Alpha Capital Headquarters along Bagamoyo Road. The training was conducted by Sheikh Issa, Mohamed Hemed, the prominent Islamic finance expert in Sub-Saharan Africa. Being a capital market product, a Halal Fund is a Shari'ah-compliant unit-linked investment instrument in which investors invest their money into the Halal Fund Manager. Alpha Capital have issued their Halal Fund also known as Alpha Capital Halal Fund which was approved by the Capital Markets and Securities Authority (CMSA) for the fund’s operational framework in July this year. The fund is managed by Alpha Capital, with CRDB Bank serving as the custodian.
The listing and trading rules are for Sukuk, Halal Funds (i-CIS and i-REIT) as well as Exchange Traded funds. The lead expert, Sheikh Mohamed Issa, who is also Mayzuh Company Limited CEO/Executive Chairman, worked with RSE team and conducted capacity building to them as well as accommodated stakeholders' opinions in the draft rules to arrive at approved RSE ICMPs rules ready for use by the market. Sheikh Issa, has been working for establishment of regulatory frameworks for Islamic finance across east African markets in Islamic banking, microfinance, capital market and Takaful (Islamic insurance). Mayzuh is one of the recognised Islamic finance consultancy firms and in 2023 Islamic Finance News global contest, it was ranked No. 10 amongst its category.
CEO/Executive chairman
Mr. Mohamed I. Hemed
CEO/Executive Chairman
Mr. Mohamed I. Hemed CEO/Executive Chairman 1.Islamic Finance & Shari'ah Scholar, Trainer, Advisor and Certified Sukuk Professional 2. Shari'ah Advisor to Alhuda Centre for Islamic Banking and Finance (Alhuda-CIBE) based in Dubai, U.A.E 3. Chairman Yusra Sukuk Company Limited based in Dar es Salaam-Tanzania. 4.Takaful Brokerage Company Limited, based in Dar es Salaam Tanzania 5. Director for Islamic Banking and Finance at Mytradefinance Pty Limited, based in Jo'burg South Africa 6. CEO and Director of Shari'ah Banking and Finance at Mayzuh Company Limited-Which trained CMSA on Sukuk early this year 7. Former Centre for Islamic Finance, Compliance and Advice (CIFCA)Coordinator 8. A Shari'ah Technical Team member and Advisor to Tanzania Insurance Regulatory Authority (TIRA) on Takaful matters 9. Technical Team Member- Ministry of Finance, United Republic of Tanzania on Alternative Projects Finance 11. An international speaker to Islamic Forums and Conferences and a trainer even to Central Banks and various regulators 12. A trainer to a number of Islamic financial institutions in Tanzania and abroad 13. Executive Chairman-Savanna Ethical Financing Instruments Limited based in Nairobi-Kenya 14. Consultant-United Nations Economic Commission for Africa (UNECA)
Our Team
Rewards
Mayzuh Company Limited has emerged among Top 10 Global companies dealing in Islamic Finance consultancy in Islamic Finance News (IFN) based in Kuala Lumpur, Malaysia polls made in September-October 2023Read More
- Date:11/04/2023 02:10 PM
- Location
Mayzuh Subsidiaries
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Read MoreYusra Sukuk
Yusra Takaful
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Testimonials
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F.A.Q
How To Register to May 2022 Takaful Training Series?
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How to register to Islamic Finance Course?
Read the form properly, fill it and don't forget to on Click SUBMIT at the end to send the form back to NEW HORIZONS E--LEARNING COLLEGE
Contact
- Tanzania
- RITA Tower, Floor No 22nd Simu Street, Dar es Salaam.
- +255762715311 - Mayzuh Company Limited
- info@mayzuhfinancials.com
- Mon-Fri - 08:00-16:00
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Trainings
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Projects
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subsidiaries
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bookings
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Social
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