Cameroon

Five checks

Recent developments

1. 2026-07-15COBAC Decision D-2026/231 reportedly authorised microfinance ACE Finance to open the Islamic window 'ACE FINANCE ISLAMIC' (secondary). source
2. 2026-07-29Afriland First Bank and ICD signed a declaration of intent for a syndicated Islamic facility of up to EUR 50m (about FCFA 32.8bn) (secondary). source
3. 2025-12-22MINFI launched a national awareness campaign on the CEMAC Islamic finance texts; its Secretary General said only 3 of 19 banks had COBAC authorisation for Islamic windows (secondary). source
4. 2025-07-18CCA-Bank opened two dedicated Islamic finance branches, New Bell II (Douala) and Tsinga II (Yaoundé) (secondary). source
5. 2025-03-20COBAC Decision D-2025/037 gave CCA-Bank prior authorisation for its Islamic window (secondary; COBAC 2025 report confirms one Cameroon window authorisation that year). source
6. 2025-07-18COBAC circular LC-COB/42 told banks and microfinance institutions offering Islamic finance to comply with Regulation 04/22 by 31 Dec 2025, only through authorised Islamic windows (secondary). source
7. 2024-09-30BDEAC (regional development bank, HQ Brazzaville) created an Islamic finance window by General Assembly resolution N°305/AGE/69/24; in Jul 2025 it was still being operationalised (secondary). Ecofin (Aug 2025) calls it active; sources conflict. source
8. 2026-10-13cosumaf.org lists a new 'Règlement N° 03/CEMAC/UMAC/CM/COSUMAF' amending certain provisions of Regulation 01/22 (published 13 Oct 2026); its content was not read, so whether it touches the sukuk provisions is unknown. source

Still open

Points we could not confirm at source yet.

• [sukuk] No sukuk issue found. Searched: beac.int site search 'sukuk' (no results), bvm-ac.org site search 'sukuk' (no results), web search on CEMAC sovereign sukuk (none). COSUMAF's approvals/visa register could not be searched, so this is left as null rather than false. An Afriland group 'sukuk capability' story (Jun 2026) concerns a Togo-based holding and reports no Cameroonian issue.
• [licensed_institutions: Crédit Communautaire d'Afrique Bank (CCA-Bank), window 'CCA-BANK Islamic Finance' (COBAC Decision D-2025/037 reported by press; COBAC 2025 report counts one Cameroon window authorisation)] COBAC Decision D-2025/037 of 20 Mar 2025 granting prior authorisation is reported by secondary press; COBAC's 2025 annual report (primary) records exactly one Islamic-window authorisation in 2025, in Cameroon, without naming it. The bank's own page is live but names no individual products.
• [licensed_institutions: Commercial Bank Cameroun (CBC), brand 'Amana Finance Islamique' (COBAC authorisation claimed by the bank and a MINFI official; not verified at COBAC)] Bank claims to be the first COBAC-approved Islamic window (secondary, Jul 2024); no decision reference published. MINFI Secretary General named CBC among three authorised banks (Cameroon Tribune, Dec 2025). CBC website did not load content.
• [licensed_institutions: Afriland First Bank Cameroun (COBAC authorisation stated by a MINFI official; not verified at COBAC)] Named by the MINFI Secretary General as one of three banks with COBAC prior authorisation (Cameroon Tribune, Dec 2025, secondary). Bank website returned HTTP 403, so no own-page confirmation.
• COBAC decision references for CBC and Afriland First Bank are not published; their authorisation rests on a MINFI official's statement (Dec 2025) and CBC's own claim.
• Conflict: MINFI says three banks were authorised, while COBAC's 2025 report shows one window authorisation in 2025 and its 2024 report gives no Islamic-window breakdown; the other two may date from 2023-2024.
• Status of other names seen only in search snippets (Savana Islamic Finance, Crédit du Sahel, Ecobank Cameroon's 2016 Islamic products) was not checked at a primary source.
• Product names: none listed from institutions' own pages (CCA page names none; CBC and Afriland sites unavailable).
• Whether CHASA takaful received a CRCA licence extension under Art. 903.
• Official text of Regulation 04/22/CEMAC/UMAC/COBAC and the seven COBAC implementing regulations was not located; adoption date (9 Nov vs 6 Oct 2022) and window regulation number (R-2022/02 vs R-2022/04) rest on secondary sources.
• Does the Oct 2026 COSUMAF Regulation N°03 amending Regulation 01/22 change Article 6 (sukuk)? Not read.
• ACE Finance (microfinance) is not listed as an operating institution: its COBAC Decision D-2026/231 (15 Jul 2026) is known only from the company's communiqué via press, and operation was not confirmed.
• Which bank is the one Cameroon Islamic window COBAC authorised in 2025? Press says CCA-Bank (D-2025/037), but no COBAC document naming it was found.