The Centre for Islamic Finance, Compliance and Advice (CIFCA) was represented at the Global Islamic Finance Forum (GIFF) 2025, held at Sasana Kijang, Kuala Lumpur, Malaysia, from 13 to 14 October 2025, with additional networking engagements on 15 October 2025.
The participation reflects CIFCA’s continued commitment to engaging with global Islamic finance platforms to strengthen Tanzania’s ecosystem through knowledge transfer, strategic partnerships, and policy alignment.
Key Objective:
This visit was guided by multiple objectives all in relation to CIFCA’s role in Islamic Finance in Tanzania; including:
- To benchmark Tanzania’s Islamic finance ecosystem against global best practices, particularly from Malaysia’s advanced regulatory and market infrastructure.
- To identify adaptable policy and regulatory frameworks relevant to Tanzania’s environment.
- To position CIFCA as a credible regional partner in Islamic finance development.
- To gather insights for supporting Tanzania’s emerging sukuk and Islamic capital market initiatives
Key Outcomes:
- CIFCA’s participation in GIFF 2025 has significantly enhanced its institutional capacity, global visibility, and strategic positioning within the Islamic finance ecosystem.
- The forum provided valuable insights that Eire directly applicable to Tanzania’s ongoing efforts in developing a robust, Shariah-compliant financial system.
- The knowledge, networks, and strategic direction gained from this engagement will play a critical role in advancing CIFCA’s mission of supporting Islamic finance and the Halal economy in Tanzania and the wider region.
- Key networking opportunities included physically meeting Dr. Sami Suwailem, IsDBI Acting Director General and touching base on the ongoing process of on-boarding CIFCA into the IsDBI’s development support initiatives.
- Another invaluable networking opportunity was of meeting the London Stock Exchange Head of Islamic Finance, Mr. Mustafa Adil and made a follow-up on CIFCA’s correspondences in respect to strategic collaboration with LSE Group, where Mr. Adil kindly provided contacts of a dedicated team for Africa and Middle East collaborations, which were later used to take further the initiatives.
