Loading…Loading…Loading…Loading…Country guide · OIC member state
Mozambique, on the Indian Ocean coast of southern Africa, has a significant Muslim community, especially in the north, and has been an OIC member since 1994. Islamic finance there is called participatory finance. The 2020 Banking Law allows credit institutions and financial companies to offer it through a dedicated window, under the rules of the Banco de Moçambique.
A draft Participatory Finance Regulation, setting rules for profit-and-loss-sharing products without interest, has been put to public consultation; until it is adopted, the market remains at an early stage. This guide lists the institutions behind each part, with their pages on Wasabih.
Yes, as participatory finance. The 2020 Banking Law allows credit institutions and financial companies to offer it through a dedicated window.
Not yet. A draft Participatory Finance Regulation, for profit-and-loss-sharing products without interest, has been put to public consultation.
The Banco de Moçambique, which authorises and supervises credit institutions and financial companies, including their participatory finance windows.
Mozambique has no national Halal law; exporters, for example of seafood, should use certification bodies recognised by their buyers' countries.
Mozambique has been a member state of the Organisation of Islamic Cooperation since 1994.
Part of the Halal economy in Mozambique?
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