Rédaction Africa Links 24 with Uganda Monitor
Published on 2026-09-08 02:00:00
An ordinary bond is a loan: an investor lends money and receives interest. A sukuk works differently, because interest is prohibited under Islamic law.
Instead of lending money, a sukuk investor buys a share in a real asset and earns a return generated by that asset through things like rent, profit, or proceeds from its eventual sale.
This asset-linkage is what makes the instrument religiously compliant, and it is also what makes it more complex to structure than a conventional bond.
On July 2, 2026, Uganda’s Capital Markets Authority (CMA) signed 60 guidelines governing the…
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