The Gambia
Agib Bank is on the Central Bank of The Gambia's list of licensed banks and offers named Islamic financing products (Murabaha, Salam and Istisna, Ijarah) on its own website. A 2022 CBG guideline covers Islamic banks, windows, microfinance and takaful.
Five checks
Banking rulesFound
The CBG says the Banking Act 2009 provides for the regulation of banking institutions, including Islamic banking. The CBG's Guideline for the Regulation and Supervision of Islamic Financial Institutions (August 2022) covers Islamic banks, Islamic microfinance, Islamic windows and takaful operations, with eligibility rules for windows.
- “provision for the regulation of Banking Institutions, including Islamic Banking and for connected matters”
Central Bank of The Gambia - “This Guideline is for the regulation and supervision of Islamic Financial Institutions IFIs (Islamic banks, islamic Microfinance”
Central Bank of The Gambia · 2022-08
Licensed banks and windowsFound
- Agib Bank Gambia Limited · full bankMurabahaSalam and IstisnaIjarah (Islamic Leasing)
- “Agib Bank Gambia Limited”
Central Bank of The Gambia - “Every product we offer is fully Shariah-compliant and ethically structured.”
Agib Bank Gambia Limited - “Ijarah (Islamic Leasing)”
Agib Bank Gambia Limited
Sukuk issuedFound
- Treasury / Sukuk-Al-Salaam bills auctioned by the Central Bank of The Gambia (91, 182 and 364 days) · ongoing; latest auction seen 2026-11-11 · 364-day tranche on 11 Nov 2026: D250,000,000 floated, D155,360,000 accepted
- “Treasury/ Sukuk-Al-Salaam Bills”
Central Bank of The Gambia · 2026-11-11
Takaful (non-interest insurance)Found
The CBG supervises insurers and lists Takaful Gambia Ltd among insurance companies. The CBG's August 2022 Islamic financial institutions guideline also covers takaful operations.
- “Takaful Gambia Ltd”
Central Bank of The Gambia
Capital market rulesNot checked
We found no Gambian securities regulator website and no Islamic capital-market rule.
Recent developments
- 2022-08The CBG issued its Guideline for the Regulation and Supervision of Islamic Financial Institutions (banks, microfinance, windows, takaful). source
- 2026-07-31The Point reported that BSIC Gambia said it opened an Islamic banking window in 2023. Not confirmed by the CBG. source
- 2026-11-11Latest CBG auction including 364-day Sukuk-Al-Salaam bills: D250 million on offer, D155.36 million accepted. source
Still open
Points we could not confirm at source yet.
- BSIC Gambia's Islamic window is reported only by the press and the bank itself; the CBG bank list carries no Islamic or window labels.
- APS Islamic Microfinance (reported 2021 launch) and other Islamic microfinance institutions not verified.
- Start year of the Sukuk-Al-Salaam programme conflicts in secondary sources (2008 vs 2017); the auction page does not state the legal issuer beyond 'Treasury/ Sukuk-Al-Salaam Bills'.
- Status of the securities regulator under the 2021 capital markets law, and any Islamic capital-market rules.
Where we searched
- cbg.gm: Banking Supervision page, List of Licensed Banks, Insurers list, Islamic financial institutions guideline PDF (scanned; read by OCR), 364-day auction results
- agib.gm (home page products section)
- The Point (BSIC report); IFN, COMCEC, Voice Gambia, Foroyaa, BusinessDay used as leads only
- Web search for a Gambian securities regulator and Islamic capital-market rules: none found