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The Revolutionary Government of Zanzibar (RGoZ) is issuing a Quasi-Sovereign Sukuk Programme worth TZS 1.115 Trillion (about USD 440 million) to finance its development projects at a return rate of 10.5% per year. Subscriptions is expected to open from 22nd February 2025 and any Tanzanian currently resident in Tanzania or is living in Diaspora can invest. Foreigners living in Tanzania can also invest provided they have their bank account in Tanzania. Out side Tanzania, the Sukuk is expected to be cross-listed in East African Exchanges so that East Africans can trade on it. The Sukuk has been structured by Mayzuh Company Limited own CEO/Executive Chairman, Sheikh Issa, Mohamed Hemed, Certified Sukuk Professional, this time working as Yusra Sukuk Company Limited as its Executive Chairman. Yusra Sukuk Company Limited is Zanzibar Sukuk Lead Arranger/Transaction Manager leading as team of seven other entities working at various capacities as Transaction Agents.


  • Date:02/13/2025 04:03 AM
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