South Sudan
No Islamic or interest-free finance rule, licence, sukuk or takaful was found in the Banking Act 2012, the Bank of South Sudan's list of 31 licensed banks or its website, checked on 14 November 2026. The central bank's history page says that before independence in 2011 Southern Sudan was allowed a conventional banking system while Northern Sudan followed Islamic banking laws.
Five checks
Banking rulesNot found
The Banking Act 2012 (Act No. 22, Ministry of Justice print; text searched) has no Islamic, sharia or interest-free provision. Bank of South Sudan site searches for 'sharia' and 'takaful' returned no results; the one result for 'islamic' is a history page saying Northern Sudan followed Islamic banking laws while Southern Sudan ran a conventional system.
- “BANKING ACT, 2012”
Ministry of Justice of South Sudan (copy filed with the WTO) · 2012 - “Northern Sudan followed Islamic banking laws, while Southern Sudan was allowed to operate a conventional banking system based on international banking practices.”
Bank of South Sudan · 2026-06-29 - “Sorry, but nothing matched your search terms.”
Bank of South Sudan · accessed 2026-11-14
Licensed banks and windowsNot found
- “The list of all the licensed commercial banks in the Republic of South Sudan.”
Bank of South Sudan · accessed 2026-11-14
Sukuk issuedNot found
- “Sorry, but nothing matched your search terms.”
Bank of South Sudan · accessed 2026-11-14 - “There is no capital markets exchange in South Sudan.”
Addleshaw Goddard · accessed 2026-11-14 · secondary
Takaful (non-interest insurance)Not found
The Bank of South Sudan supervises insurers and held a workshop on new insurance licensing and supervision regulations in February 2026. A search of its site for 'takaful' returned no results.
- “focusing on regulations for the licensing and supervision of insurance businesses in South Sudan.”
Bank of South Sudan · 2026-02-24 - “Sorry, but nothing matched your search terms.”
Bank of South Sudan · accessed 2026-11-14
Capital market rulesNot found
No securities regulator or stock exchange was identified, and a law firm guide states there is no capital markets exchange. A Bank of South Sudan site search for 'sukuk' returned no results. No capital-market rule mentioning Islamic instruments was found.
- “There is no capital markets exchange in South Sudan.”
Addleshaw Goddard · accessed 2026-11-14 · secondary
Still open
Points we could not confirm at source yet.
- Secondary sources (not opened) say the Southern Sudan cabinet refused Islamic banks a mixed system in 2007; not verified.
- Some generic web pages mention a 'South Sudan Capital Markets Authority' or stock exchange; no official source for either was found.
Where we searched
- boss.gov.ss: list of banks (31), key milestones, insurance workshop news (Feb 2026), site search for 'islamic', 'sharia', 'takaful', 'sukuk' and 'capital market'; earlier pass: acts, regulations, circulars and licensing pages (titles)
- wto.org: Banking Act 2012 and Foreign Exchange Business Act 2012 (Ministry of Justice prints filed for WTO accession), text searched
- Web searches: South Sudan Islamic banking, Islamic window, securities regulator, capital market, takaful