Djibouti
The Banque Centrale de Djibouti lists Saba African Bank, Salaam African Bank and East Africa Bank as licensed Islamic banks and CAC Islamic Bank as an Islamic window. Salaam African Bank and East Africa Bank offer named products on their own sites.
Five checks
Banking rulesFound
Loi n°116/AN/11/6ème L (22 Jan 2011) on the establishment of Islamic banks defines Islamic banks and requires them to be licensed as credit institutions under Loi n°119/AN/11/6ème L. BCD banking instructions of 2012 cover Islamic bank establishment (n°2012-01) and individual contracts: Mourabaha (2012-02), Moudharaba (2012-03), Moucharaka (2012-04) and Ijara (2012-05), among others.
- “Sont considérées comme banques islamiques les banques dont les statuts comportent”
Banque Centrale de Djibouti (hosted copy) · 2011-01-22 - “Établissement des Banques Islamiques à Djibouti”
Banque Centrale de Djibouti · accessed 2026-11-14 - “Operations de Mourabaha effectuées par les banques islamiques”
Banque Centrale de Djibouti · accessed 2026-11-14
Licensed banks and windowsFound
- Saba African Bank (SABA) · full bank
- Salaam African Bank (SAB) · full bankSavings accountInvestment Deposit AccountHome Financing
- East Africa Bank (EAB) · full bankEAB Current Account
- CAC Islamic Bank (CACIB) · window
- Unité Pilote de Microfinance Islamique (UPMFI) · microfinance
- “Les Banques ISLAMIQUES”
Banque Centrale de Djibouti · accessed 2026-11-14 - “SALAAM AFRICAN BANK”
Banque Centrale de Djibouti · accessed 2026-11-14 - “Les Fenêtres ISLAMIQUES”
Banque Centrale de Djibouti · accessed 2026-11-14 - “Unité Pilote de Microfinance Islamique”
Banque Centrale de Djibouti · accessed 2026-11-14 - “offering interest free products and services including Current accounts, savings, Investment Deposit Accounts”
Salaam African Bank · not shown - “EAB Current Account is a fully Sharia-compliant facility”
East Africa Bank · not shown
Sukuk issuedNot checked
Takaful (non-interest insurance)Found
Djibouti's insurance law of 9 Jun 2012 (Loi n°161/AN/12/6ème L) has a title on Islamic insurance (Arts 71 to 79). It defines takaful as a collective contract among members who pay into a members' fund, says takaful companies must be licensed under insurance rules, and makes the Ministry of Economy and Finance the supervisor. No licensed takaful company in Djibouti was found. A press report (Apr 2025) says Djibouti-registered Tamini Insurance S.A. won approval to buy 65% of Takaful Insurance of Africa in Kenya.
- “Le régime d’assurance Takaful est basé sur un contrat collectif qui vise la solidarité entre un groupe de sociétaires face à des risques déterminés”
Banque Centrale de Djibouti (hosted copy of a Droit-Afrique compilation) · 2012-06-09 - “Le Ministère de Économie et des Finances est le ministère en charge de la tutelle et de la supervision du secteur des assurances Takaful.”
Banque Centrale de Djibouti (hosted copy of a Droit-Afrique compilation) · 2012-06-09
Capital market rulesNot checked
Not checked properly. No securities regulator or exchange for Djibouti was found, so this could not be checked.
Recent developments
- 2024BCD lists CAC Islamic Bank (created 2024) as an Islamic window. source
Still open
Points we could not confirm at source yet.
- Whether 'CAC Islamic Bank' is the Islamic window of CAC International Bank (BCD lists it by this name under Islamic windows).
- Whether Djibouti has a securities regulator, and whether any sukuk has been issued, not checked.
- Saba African Bank and CAC Islamic Bank product pages not found.
- Which insurers, if any, the Ministry of Economy and Finance has licensed for takaful; no licence list was found.
Where we searched
- banque-centrale.dj (licensed institutions; laws; instructions; circulars; decrees; news; communiqués; banking stability report page)
- Loi n°116/AN/11 PDF on the BCD site
- Bank sites: salaamafricanbank.com returned 403; sababank.com, salaambank.dj, eastafricabank.dj, eab.dj and cacbank.dj did not respond (unverified domains)
- 14 Nov 2026 review: banksalaam.com (Salaam African Bank, Djibouti) and eastafricabank.com (East Africa Bank) product pages; web search on Djibouti takaful (only the Tamini/Kenya press report)
- 14 Nov 2026 review: BCD-hosted insurance law Loi n°161/AN/12 (text PDF); web search of journalofficiel.dj and ccd.dj listings for takaful or sukuk (no other text found); no Ministry of Economy and Finance insurance licence list found