The Secretary General of the Centre for Islamic Finance, Compliance and Advice (CIFCA), Mr. Salum Shaban Lupande, participated in the 14th Annual Meeting and International Conference of the World Zakat and Waqf Forum (WZWF) 2025, held in Kuching, Sarawak, Malaysia.
Key Objective:
The participation was guided by CIFCA's mandate in advancing Islamic finance and social finance in Tanzania, with the following objectives:
- Benchmark global standards in Zakat and Waqf governance
- Identify policy frameworks for Islamic social finance in Tanzania
- Strengthen international institutional linkages
- Learn practical models of Zakat collection and distribution systems, Waqf asset development and investment and Institutional governance structures
- Assess scalability of Baytul Mai operations in Tanzania
- Develop a replicable model for Tanzania that integrates Policy (under CIFCA) and Practice (under BaytulMal)
Key output
- Participation in WZWF 2025 and the Sarawak Baytul Mai study visit provided critical practical insights into building a robust Islamic Social Finance ecosystem.
- The Sarawak model demonstrates that zakat and waqf, when institutionalized, professionally managed, and strategically aligned with development goals, can become powerful tools for economic empowerment and social justice.
- For Tanzania, this presents a timely opportunity to transition from fragmented charitable practices to a structured, impact-driven Islamic Social Finance system, with CIFCA playing a central coordinating and advisory role.
