Comoros
The 2013 banking law lists the provision of Islamic financial products as a banking operation, and the central bank says its Islamic finance rules have been in place since 2022. The Banque Centrale des Comores' 2025-2030 strategy says there are no Islamic offers on the market.
Five checks
Banking rulesFound
Banking law No. 13-003/AU of 12 June 2013 (promulgated by Decree No. 13-088 of 2 Aug 2013) lists 'the provision of Islamic financial products' among banking operations in Article 5, and the provision of Islamic products by a credit institution among related activities in Article 6. The central bank's 2025-2030 National Financial Inclusion Strategy says the Islamic finance rules have been operational since 2022 but need a further regulation on Islamic finance contracts. Elsewhere the same document says growth is held back by the lack of a specific framework. An aggregator lists Règlement No. 20/2022/BCC/DSBR on credit institutions doing Islamic finance; its text was not read.
- “La fourniture de produits financiers islamiques.”
Banque Centrale des Comores · 2013-06-12 - “La fourniture par un établissement de crédit de produits islamiques.”
Ministère de la Justice, Union des Comores · 2013-08-02 - “Cadre réglementaire opérationnel depuis 2022”
Banque Centrale des Comores · 2025 - “son développement est freiné par l'absence d'un cadre réglementaire spécifique et d'une offre diversifiée”
Banque Centrale des Comores · 2025 - regalert.today (aggregator) · 2022 · secondary
Licensed banks and windowsNot checked
- “mais absence d'offres sur le marché”
Banque Centrale des Comores · 2025
Sukuk issuedNot checked
Takaful (non-interest insurance)Not checked
Not checked. The central bank also supervises insurance; its 2025-2030 strategy tracks Islamic-compliant products on the market as a target but names no takaful product or rule.
Capital market rulesNot checked
Not checked. No Islamic capital market rule was seen in web searches.
Recent developments
- 2025-03-29A presidential decree created the Agence nationale des Aumônes (Dar Al Sadaqa) for zakat and other Islamic social finance, according to the central bank's strategy. This is social finance, not banking. source
- 2025The central bank's 2025-2030 inclusion strategy plans a task force to support Islamic windows in existing institutions and tracks the number of Islamic-compliant products on the market. source
Still open
Points we could not confirm at source yet.
- Full text and exact date of Règlement n° 20/2022/BCC/DSBR.
- Whether any bank (e.g. Exim Bank Comores, BFC, BDC, AFG Bank) or microfinance network has launched an Islamic window. Search results mention ITFC trade finance partnerships with AFG Bank and BDC; these are credit lines, not retail Islamic products, and were not checked.
- Sukuk, takaful and capital market rules not checked.
Where we searched
- Banque Centrale des Comores (banque-comores.km): banking law 13-003/AU (scanned PDF with a text layer; quote checked against the rendered page), National Financial Inclusion Strategy 2025-2030 (read 14 Nov 2026), 2023 annual report (too large to fetch)
- Ministère de la Justice (justice.gouv.km): promulgation decree of the banking law (scanned; quote checked against the rendered page)
- regalert.today summary of Règlement 20/2022/BCC/DSBR: HTTP 429
- Web search for Comoros sukuk, takaful and Islamic windows (2025-2026): none found
- French Treasury country note (search snippet only)