ethoscreative_nskigozi

11 articles published

The Capital Markets Sukuk Guidelines 2026

On 2nd July 2026, the Capital Markets Authority issued the Capital Markets Sukuk Guidelines, 2026. The guidelines are significant because they represent Ugandaโ€™s 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…

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Islamic Finance Hub Podcast Episode 1: The Cross Pollination of The Islamic Finance Ecosystem

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 youโ€™re passionate about Islamic finance, policy development, or the future of…

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The Malaysia Blueprint: Strategic Priorities for Islamic Finance Growth in Uganda

After a week in Malaysiaโ€”one of the worldโ€™s most developed Islamic finance ecosystemsโ€”I came away with several lessons that could accelerate the growth of Ugandaโ€™s nascent Islamic finance industry. Malaysiaโ€™s 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…

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What Ugandaโ€™s First Sukuk Issuance Means for Islamic Finance

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…

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Islamic Finance in Uganda: Transcending Religious Beliefs To Becoming A New Business Paradigm And The Evolving Legal Regime

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…

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Taminiโ€™s Launch Marks a New Chapter for Islamic Finance in Uganda

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 Ugandaโ€™s launch marks the closing of that gap. With the introduction of Shariah compliant risk protection, Uganda now…

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Islamic Finance Beyond Banking: A Tool for National Development

I had the honor of presenting to the Uganda Revenue Authority (URA) on โ€œIslamic finance and domestic revenue mobilization and how the principles of justice and accountability connect both systems . Hereโ€™s the core message: Islamic finance operationalisation is business as usual structured along sharia compliant principles . It mobilizes capital, finances infrastructure, manages risk and…

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WOMANi Spotlight Feature of The Day

Sophia Kigozi ACIArb is the pioneering legal mind addressing this challenge as a ๐๐š๐ซ๐ญ๐ง๐ž๐ซ ๐š๐ญ MESA ADVOCATES and an ๐€๐๐ฏ๐จ๐œ๐š๐ญ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‡๐ข๐ ๐ก ๐‚๐จ๐ฎ๐ซ๐ญ ๐จ๐Ÿ ๐”๐ ๐š๐ง๐๐š. 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…

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