DAR ES SALAAM, Aug. 12 -- CRDB Banks Al Barakah Sukuk is tipped to democratise the countrys capital markets, as the landmark dual-currency Islamic bond aims to expand inclusive investment opportunities in the country.

Mr Kikwete said during the launch event that the bond is a milestone in the countrys financial market landscape as will expand participation in the capital market and help to unlock capital for projects.

“It enables participation from a previously excluded segment of our population due to religious beliefs, by creating a shariah compliant investment avenue,” said Mr Kikwete who was the chief guest in the event.

The landmark dual-currency Islamic bond seeks to raise 30bn/- and 5.0 million US dollars, with green...