Liberia
No Islamic or non-interest finance law, licence, sukuk or takaful was found in the Central Bank of Liberia's acts, regulations, licence lists or its 2025 annual report, checked on 14 November 2026.
Five checks
Banking rulesNot found
The New Financial Institutions Act of 1999 (text searched) has no Islamic, sharia or non-interest term. The CBL's regulations list, guidelines list and non-bank regulations list have no such title. A 2020 IIUM Law Journal article states that Liberia has no specific regulation or legislative framework for Islamic microfinance.
- “NEW FINANCIAL INSTITUTIONS ACT”
Central Bank of Liberia · 1999 - “Banking Law/Financial Institutions Act of 1999”
Central Bank of Liberia · accessed 2026-11-14 - “Regulations for Non-Bank Financial Institutions (NBFIs)”
Central Bank of Liberia · accessed 2026-11-14 - “Directive on the Submission of Credit Data for the Upgraded Credit Reference System (CRS)”
Central Bank of Liberia · latest entry 2026-11-12 - “Guidelines Concerning Digital Credit for Financial Institutions”
Central Bank of Liberia · latest entry 2022-04-12 - “There is no specific regulation or legislative framework for Islamic microfinance operations in Liberia.”
IIUM Law Journal 28(2) · 2020 · secondary
Licensed banks and windowsNot found
- “nine (9) commercial banks”
Central Bank of Liberia · 2025 (report year) - “LICENSED FINANCIAL INSTITUTIONS OPERATING IN LIBERIA”
Central Bank of Liberia · 2016-10-18
Sukuk issuedNot found
- “Government Securities and Notes”
Central Bank of Liberia · 2025 (report year) - “The Securities Market Act of Liberia, 2016”
Central Bank of Liberia · 2016
Takaful (non-interest insurance)Not found
The CBL supervises insurers. The Liberia Insurance Act of 2013 (text searched) has no takaful or Islamic term, and the CBL's notice of licensed insurers in good standing (22 January 2026) names no takaful operator.
- “LICENSED INSURANCE INSTITUTIONS WITH GOOD STANDING”
Central Bank of Liberia · 2026-01-22 - “Liberia Insurance Act, 2013”
Central Bank of Liberia · 2013
Capital market rulesNot found
The Securities Market Act of Liberia 2016 (text searched) has no Islamic, sharia or sukuk term. No securities commission is operating yet: the CBL's 2025 annual report lists among its functions administering the Act to set up the Securities Exchange Commission.
- “Administer the Securities Exchange Act 2016 to facilitate the establishment of the”
Central Bank of Liberia · 2025 (report year) - Central Bank of Liberia · 2016
Still open
Points we could not confirm at source yet.
- A Liberian Post report, seen only as a search snippet and undated, says Finance Minister Ngafuan stated Liberia has reactivated steps to join the Islamic Development Bank. The page could not be opened and no official source was found.
- The CBL regulations list was checked by title; individual regulation texts other than the Acts were not read.
Where we searched
- cbl.org.lr: acts and by-laws, regulations (pages 1-2, re-read 14 Nov 2026), guidelines, non-bank regulations, insurance documents, financial market acts, CBL bills pages (titles)
- cbl.org.lr: full text searched for Islamic, sharia, non-interest, sukuk and takaful in the New Financial Institutions Act 1999, Liberia Insurance Act 2013, Securities Market Act 2016, Annual Report 2025, 2016 licensed institutions notice and 2026 insurer list
- mfdp.gov.lr (Ministry of Finance): JavaScript-only site, content and search not readable
- theliberianpost.com: blocked by a Cloudflare check, not bypassed
- Web searches: Liberia Islamic banking, non-interest banking, sukuk, takaful, IsDB membership (many results were about Libya)