Loading…Loading…Loading…Loading…Country guide · OIC member state
Sudan, an OIC member since 1969, was one of the first countries to build its whole banking system on Islamic principles. Faisal Islamic Bank (Sudan) was set up by decree in 1977 and started operations in 1978, and from the 1980s the government moved all banks away from interest-based lending, with Sharia supervision brought within the central bank.
Sudan's economy, a major exporter of livestock, gum arabic and other farm products to Muslim markets, has been badly hit by the war that began in April 2023. This guide lists the institutions behind each part, with their pages on Wasabih.
Yes, largely. From the 1980s the government moved all banks away from interest-based lending, and by the early 1990s government debt instruments had been replaced with Islamic certificates.
Faisal Islamic Bank (Sudan), established by provisional decree No. 9 of 1977 and operating since May 1978.
The Central Bank of Sudan, within which a high Sharia supervisory board oversees the banks' compliance with Islamic principles.
Sudan is a major exporter of livestock, meat, gum arabic and other farm products, much of it to the Gulf, though trade has been badly disrupted by the war that began in 2023.
Sudan has been a member state of the Organisation of Islamic Cooperation since 1969.
Part of the Halal economy in Sudan?
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