SHARIA BANKING
SUDAN

SUDAN SHARIA BANKING SUDAN ISLAMIC BANKING FINANCE


SUDAN ISLAMIC BANK MURABAHA MUDARABA

In Sudan, sharia-compliant banking currently accounts for a marginal share of the Sudanese financial sector. Recent estimates expect that Islamic financial assets in Sudan could reach more soon.

Sudan is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Sudan's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.

Currently, Sudan has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.


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