Tanzania, March 17 -- Dar es Salaam. Islamic bonds, commonly known as sukuk, are emerging as one of the fastest-growing segments within Islamic finance and an increasingly important instrument for financing development projects worldwide.

The Chief Executive Officer of the Capital Markets and Securities Authority (CMSA), Mr Nicodemus Mkama, said the global value of sukuk issuances has surpassed $800 billion, reflecting growing demand for Sharia-compliant investment products.

Mr Mkama's remarks were delivered on his behalf by CMSA spokesperson Charles Shirima, during an investors' Iftar event in Dar es Salaam that was preceded by training on halal investment opportunities in the capital markets. The event was organised by Yusra Sukuk Com...