The Rwanda Capital Markets Authority said clear and effective regulation will be needed to support the growth of Sharia-compliant financial products in Rwanda’s capital market. Speaking at a validation workshop, Chief Executive Officer Romeo Ngarambe described the proposed Islamic Capital Market Products Listing and Trading Rules as a step toward enabling Sharia-compliant and sustainable instruments to access the market. The framework is intended to broaden investment opportunities, attract new categories of investors and support long-term financing for key sectors of the economy. The workshop, organized by the Rwanda Stock Exchange, brought together stakeholders to review and validate the proposed rules. Planned products include sukuk, which would diversify the market beyond conventional instruments and are structured around ownership or participation in an underlying asset, project or investment activity rather than interest payments.
Rwanda Capital Markets Authority2026-06-12
Rwanda Capital Markets Authority backs proposed Islamic capital market listing and trading rules
The Rwanda Capital Markets Authority said proposed Islamic Capital Market Products Listing and Trading Rules would help open Rwanda’s capital market to Sharia-compliant and sustainable instruments. At a validation workshop, the authority linked the framework to broader investor participation, more diversified products and longer-term financing, including through sukuk.