Loading…Loading…Loading…Loading…Country guide · OIC member state
Mali, a large, mostly Muslim country of the Sahel and an OIC member since 1969, belongs to the West African Economic and Monetary Union (WAEMU). Its banks and microfinance institutions follow the Islamic finance rules of the regional central bank, the BCEAO, which came into force in 2018 and allow both fully Islamic institutions and Islamic windows.
Islamic finance is growing across the region: the number of approved Islamic finance institutions in the WAEMU rose from 2 in 2018 to 21 at the end of 2025. Mali is also a major livestock producer whose exports reach Muslim markets across West Africa. This guide lists the institutions behind each part, with their pages on Wasabih.
The regional central bank that sets the Islamic finance rules for Mali and the other WAEMU countries.
🇸🇳 Dakar, Senegal
Central bank of the West African Monetary Union, headquartered in Dakar. It issued the 2018 rules for Islamic finance in banks and microfinance institutions and accepts sukuk at its refinancing windows.
The BCEAO, the central bank of the eight WAEMU countries, whose Islamic finance instructions for banks and microfinance institutions came into force in 2018; the WAEMU Banking Commission supervises the banks.
Yes, with BCEAO authorisation: a bank can operate exclusively in Islamic finance or open an Islamic window, under the 2018 instructions.
The number of approved Islamic finance institutions in the WAEMU rose from 2 in 2018 to 21 at the end of 2025.
Mali has no national Halal law; exporters of livestock and meat should use certification bodies recognised by their buyers' countries.
Mali has been a member state of the Organisation of Islamic Cooperation since 1969.
Part of the Halal economy in Mali?
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