Loading…Loading…Loading…Loading…Country guide · OIC member state
Niger, a Sahel country where most of the population is Muslim and an OIC member since 1969, has its own Islamic bank, Banque Islamique du Niger (BIN), based in Niamey. Long held mainly by the Islamic Development Bank and its partners, BIN is now majority-owned by the state, which bought 94% of its shares.
As a member of the West African Economic and Monetary Union (WAEMU), Niger applies the Islamic finance rules of the regional central bank, the BCEAO, which came into force in 2018 for banks and microfinance institutions. This guide lists the institutions behind each part, with their pages on Wasabih.
The regional central bank that sets the Islamic finance rules for Niger and the other WAEMU countries.
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.
Yes. Banque Islamique du Niger (BIN), based in Niamey, offers Shariah-compliant banking. The state now holds 94% of its shares.
The Islamic Development Bank and a partner investor held the majority of its shares before the government of Niger bought 94% of the bank.
The BCEAO, the central bank of the eight WAEMU countries, sets the rules for Islamic finance by banks and microfinance institutions; the WAEMU Banking Commission supervises the banks.
Niger has no national Halal law or authority. Exporters, notably of livestock and meat, should use certification bodies recognised by their buyers' countries.
Niger has been a member state of the Organisation of Islamic Cooperation since 1969.
Part of the Halal economy in Niger?
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