See the real cost before you sign.
Put a bank loan and a non-interest offer side by side, on your own numbers. Free, with a source for every rule.
No sign-up. Nothing personal saved. Made for African households and businesses.
Example · ₦2,000,000 over 24 months
Every offer says 24%. The cost runs from ₦480,000 to ₦960,000.
- Bank loan 24% a year on what you still owe₦537,813₦105,742 a month · 24.0% a year
- Bank loan 24% flat, on the full amount₦960,000₦123,333 a month · 40.9% a year
- Cost-plus sale 24% mark-up for the whole term₦480,000₦103,333 a month · 21.6% a year
- Cost-plus sale 24% mark-up per year₦960,000₦123,333 a month · 40.9% a year
Two quotes. No common scale.
Banks quote interest. Non-interest providers quote a mark-up. Side by side, the numbers do not mean the same thing.
Without a common scale
- Interest and mark-up quoted in different terms
- “Flat” rates that hide the yearly cost
- “15%” that could mean per year or for the whole term
- No easy way to check who is licensed, or what the rules say
ResultYou sign without knowing the real price.
With noninterest.tech
- Monthly payment, total cost and a yearly rate, on your own numbers
- You say how each was quoted; the tool shows what it assumed
- All 54 countries tracked, each with its sources and the date it was checked
- Rules quoted word for word, with paragraph numbers
ResultYou know the price, and the questions to ask.
How it works
Three steps.
Nothing to install. The maths runs on your phone, and we never record the exact amounts you enter.
- 1
Enter your numbers
The amount, the months, and the rate or mark-up you were quoted. We never invent a rate.
- 2
Say how each was quoted
Flat or reducing for the loan. Per year or whole term for the mark-up. Getting this wrong is an easy way to be misled.
- 3
Compare, then ask
See both side by side, with the questions to ask before you sign and the rules that protect you.
Who it is for
One tool, four kinds of decision
Borrower
You have a loan quote and a cost-plus offer.
Put both on one scale before you sign: monthly payment, total cost and a yearly rate for each, using the numbers you were given.
Compare two offers →Business
You run a shop, a trade or a small firm.
Stock, restock or equipment on credit: enter the price you were quoted and the months to pay. See what you pay each month and in total, and the questions to ask first. Farm-season finance is next.
Check a business offer →Saver
You are thinking about a profit-sharing account.
Profit-sharing means you can lose money. In Ghana, the bank must tell you so in writing. Read the rule before you move money.
Read the saver rules →Researcher
You need one view of the continent.
All 54 countries in one place, each with its status, its sources and the date it was checked. Gaps are shown, not hidden.
Open the tracker →Africa tracker
All 54 countries. One map.
Where non-interest finance is active, where rules exist, and where nothing has started. Every country page shows its sources and the date it was checked.
- 27 active market
- 14 rules in place
- 1 announced or drafting
- 6 nothing found
- 6 not yet checked
Updates
What changed, and when
- Ethiopia
NBE issued the Interest-Free Interbank Money Market Directive EPD/02/2026.
- The Gambia
Latest CBG auction including 364-day Sukuk-Al-Salaam bills: D250 million on offer, D155.36 million accepted.
- Ghana
Governor's remarks (read by an adviser) reported three licence applications under review; no licence reported issued (secondary source).
- Egypt
Issue date of a new 3-year EGP 1,000m fixed sovereign sukuk in the Central Bank's auction schedule (bids due 9 Nov 2026).
Questions
Is it free?
Yes. There is no sign-up and nothing to pay.
Is this Sharia advice?
No. The site explains how the structures work and where the rules come from. It does not give rulings or call any product halal. Those questions belong with a qualified scholar.
Do you keep the numbers I type?
No. The calculation runs on your device. We keep an anonymous count of visits and comparisons, with amounts in ranges, never exact. No name, email or IP address. What we record →
How do you decide a country is “active”?
At least one licensed bank, window or takaful operator must be on the regulator’s own list, and its own website must name real products. Where we could not check, the page says so.
Do you recommend banks or providers?
No. The site does not lend, rank or recommend. It shows what each option costs and what each protects against.
Who builds this?
Durodola Abdulhad, a Fellow of the Institute of Islamic Finance Professionals, who also writes the free Thursday newsletter Africa Islamic Finance. About the site →
Check your offer before you sign.
Ask how it was quoted. Then check the number.