CRDB’s Al Barakah Sukuk oversubscribed as investor appetite for Islamic finance grows
Deputy Permanent Secretary in the Ministry of Finance, Dr Elijah Mwandumbya (centre), rings the bell to officiate the listing of the CRDB Al Barakah Sukuk at the Dar es Salaam Stock Exchange on November 19, 2025. Looking on are CRDB Bank Board Chairperson, Prof Neema Mori (second right), Board Vice Chairperson, Dr Donald Mmari and CRDB Bank CEO, Abdulmajid Nsekela. Also pictured (from left) are CMSA representative Exaud Julius, Chairperson of the CRDB Al Barakah Shariah Advisory Board, Abdul Van Mohammed and DSE CEO, Peter Nalitolela. PHOTO | THE CITIZEN CORRESPONDENT
Dar es Salaam. CRDB Bank’s Al Barakah Sukuk has been heavily oversubscribed, signalling the strength of domestic liquidity and a growing appetite among Tanzanian investors for innovative, Shariah-compliant investment products.
The bank announced on Wednesday that the Sukuk, officially listed on the Dar es Salaam Stock Exchange (DSE) on November 19, 2025, raised Sh125.4 billion, reflecting a 418 percent subscription rate.
