Dar es Salaam, Tanzania – April 15, 2026
In a significant step toward advancing inclusive finance, KCB Bank Tanzania has officially unveiled Mapato Sukuk, a new Shariah-compliant investment product designed to expand access to ethical, interest-free investment opportunities in the country.
The launch event, held at the prestigious Serena Hotel in Dar es Salaam, brought together key stakeholders from the financial sector, investors, regulators, and members of the media—highlighting the growing momentum of Islamic finance in Tanzania.
Building on a Proven Foundation
Speaking at the event, the KCB Bank Tanzania Head of Islamic Banking, Amour Muro who represented the Managing Director, Cosmas Kimario, emphasized the bank’s continued commitment to innovation in Islamic finance.
He noted that the success of Fursa Sukuk, launched in 2022 as the first product of its kind in Tanzania and East Africa, validated both market demand and investor readiness.
“Its success clearly demonstrated that the market exists, the demand is present, and Tanzanians are ready to participate in this type of investment. Today, we take another significant step by launching Mapato Sukuk,” he said.
Key Features of Mapato Sukuk
Mapato Sukuk has been carefully structured to offer a secure, transparent, and ethically aligned investment platform. Key highlights include:
- Attractive annual return of 11%
- Investment tenure of 3 years
- Quarterly profit payouts
- Minimum investment of TZS 500,000
- No withholding tax
- Full compliance with Shariah principles
This structure ensures that investors can grow their wealth while adhering to Islamic financial principles that prohibit interest (riba) and promote asset-backed, profit-sharing models.
Driving Sustainable Economic Growth
Through the Mapato Sukuk programme, KCB Bank Tanzania aims to mobilize approximately TZS 30 billion in three tranches. The funds will be channelled into projects that generate positive economic and social impact—supporting Tanzania’s broader development agenda.
This approach reinforces the role of Islamic finance not just as an alternative investment avenue, but as a tool for sustainable and inclusive growth.
Strong Institutional Backing
The launch was graced by the Director of Market Supervision and Investigation from the Capital Markets and Securities Authority (CMSA), Exaud Julius, who represented the CMSA Chief Executive Officer, CPA Nicodemas Mkama, the Guest of Honour.
Their presence underscores the regulator’s support for the growth of innovative financial instruments within Tanzania’s capital markets ecosystem.
Expanding Access to Ethical Investments
With the introduction of Mapato Sukuk, KCB Bank Tanzania continues to strengthen its leadership in Shariah-compliant banking. The product is designed to cater to a wide range of investors—particularly those seeking ethical, transparent, and interest-free financial solutions.
Investors can access Mapato Sukuk through KCB Bank Tanzania branches and authorized agents, including stockbrokers affiliated with the Dar es Salaam Stock Exchange (DSE).
A Step Forward for Tanzania’s Financial Landscape
As demand for ethical and inclusive financial products continues to rise, Mapato Sukuk represents a timely and strategic addition to Tanzania’s investment landscape.
By blending innovation with strong governance and Shariah principles, KCB Bank Tanzania is not only diversifying investment options—but also paving the way for a more inclusive and sustainable financial future.
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