On 2nd July 2026, the Capital Markets Authority issued the Capital Markets Sukuk Guidelines, 2026. The guidelines are significant because they represent Ugandaโs first comprehensive regulatory architecture specifically designed to facilitate the issuance, offering and supervision of sukuk within the domestic capital market. Then CMA has formally published the guidelines, while the Uganda Securities Exchange…
In this inaugural episode of the Islamic Finance Law & Practice Series, we take a deep look at how Islamic finance grows through interconnectedness. We break down the web of ideas, regulations, institutions, scholars, and innovations that continually shape the industry across markets. If youโre passionate about Islamic finance, policy development, or the future of…
After a week in Malaysiaโone of the worldโs most developed Islamic finance ecosystemsโI came away with several lessons that could accelerate the growth of Ugandaโs nascent Islamic finance industry.
Malaysiaโs success was not accidental. It was built through deliberate policy, strong institutions, continuous innovation, and long-term commitment.
Key Lessons for Uganda:
Develop a National Islamic Finance Strategy
A…
By cabinet minute, Uganda approved the issuance of a sukuk as part of the standard gauge railway financing.
Sukuk issuances are a global phenomenon, and these instruments are being issued by governments, government entities, local governments, multinationals and private companies.
If this innovative decision is successfully implemented, it would mark a milestone not just for…
Many people are interested in the phenomenon of Islamic Finance, particularly in how it differs from conventional banking. Islamic Banking and financial systems exist to provide a variety of Sharia-compliant financial services without religious discrimination with a view to fostering economic growth, socioeconomic justice, equitable distribution of income and wealth, stability of the value of…
For years, Islamic finance in Uganda has been steadily growing from Islamic banking frameworks to regulatory evolution and Shariah compliant advisory services. However, a critical component remained missing: a fully fledged Islamic insurance(Takaful) provider.
Tamini General Insurance Ugandaโs launch marks the closing of that gap. With the introduction of Shariah compliant risk protection, Uganda now…
I had the honor of presenting to the Uganda Revenue Authority (URA) on โIslamic finance and domestic revenue mobilization and how the principles of justice and accountability connect both systems .
Hereโs the core message:
Islamic finance operationalisation is business as usual structured along sharia compliant principles . It mobilizes capital, finances infrastructure, manages risk and…
Sophia Kigozi ACIArb is the pioneering legal mind addressing this challenge as a ๐๐๐ซ๐ญ๐ง๐๐ซ ๐๐ญ MESA ADVOCATES and an ๐๐๐ฏ๐จ๐๐๐ญ๐ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ ๐ก ๐๐จ๐ฎ๐ซ๐ญ ๐จ๐ ๐๐ ๐๐ง๐๐.
With over a decade of experience, Sophia has established herself as a leading authority in commercial law, project financing, and alternative finance, positioning her at the very forefront of…
Learn, Lead, connect, progress! - was the theme of the 8th Cambridge Islamic finance leadership programme 2024.
I was previleged to have been selected to attend this programme at Clare college, University of Cambridge and sponsored by DDCAP Groupโข , UK (WOMANi - Women in Islamic Business & Finance - bursary) as the groupโs…
The President of the Uganda Law Society Isaac Ssemakadde has opened the first-ever conference on Islamic Finance & Banking in Uganda - The 360 View at Onomo Hotel, Kampala. This RNB Vision 2060 event is purposely to celebrate our Radical New Bar rising stars of Islamic Finance to ensure no one is…
