Namibia
No Islamic banking law, licensed Islamic bank or window, takaful operator or sukuk was found at the Bank of Namibia, NAMFISA, the Namibian Stock Exchange or the main banks' own websites as of 14 November 2026.
Five checks
Banking rulesNot found
The Banking Institutions Act, 2023 (in force since 8 August 2023) does not mention Islamic banking. No Bank of Namibia rule or guideline on Islamic banking was found.
- “Promulgation of Banking Institutions Act, 2023 (Act No. 13 of 2023) of the Parliament”
Bank of Namibia (gazette copy) · 2023-07-27
Licensed banks and windowsNot found
- “The banking sector in Namibia comprises nine authorised banking institutions”
Bank of Namibia
Sukuk issuedNot found
- “No Results Found”
Namibian Stock Exchange · 2026-11-14 - “Nothing Found”
NAMFISA · 2026-11-14
Takaful (non-interest insurance)Not found
NAMFISA, the insurance regulator, returned no results for takaful, Islamic or shariah on its website. No Namibian insurer offering takaful was found.
- “Nothing Found”
NAMFISA · 2026-11-14
Capital market rulesNot found
No Islamic capital market rules were found at NAMFISA or the Namibian Stock Exchange. A Satrix 'Shariah Top 40' ETF appears inside a group announcement on the NSX site, but it carries a JSE code and is not shown as an NSX listing.
- “Nothing Found”
NAMFISA · 2026-11-14 - “No Results Found”
Namibian Stock Exchange · 2026-11-14
Recent developments
- 2024-12-05The Malaysian High Commission in Windhoek held an Islamic finance seminar for about 30 people from Namibian financial institutions (news report). source
Still open
Points we could not confirm at source yet.
- Ministry of Finance debt pages were not searched for sukuk plans.
- A commercial loans website claims Islamic institutions in Namibia hold N$5.4 billion in assets; no official source supports this.
Where we searched
- Bank of Namibia: 'The Banking System in Namibia' page (lists Bank Windhoek, FNB Namibia, Standard Bank Namibia, Nedbank Namibia, Bank BIC Namibia, Letshego Bank Namibia, Banco Atlantico branch); gazette copy of the Banking Institutions Act 2023 grepped for Islamic, Shari'ah, profit-sharing: no hits; BoN site search URL returned 'Page not found'
- Legal Assistance Centre annotated copy of the Banking Institutions Act 2023: no Islamic terms
- NamibLII: blocked by a Cloudflare challenge, not bypassed
- NAMFISA site search for takaful, islamic, shariah, sukuk: 'Nothing Found' each time
- Namibian Stock Exchange site search: sukuk and islamic no results; shariah matched only a Satrix group SENS announcement with JSE codes
- Bank own sites: FNB Namibia (homepage, 151-URL sitemap, /islamic-banking/ and /islamic-finance/ return 404), Standard Bank Namibia, Bank Windhoek, Nedbank Namibia (374-URL sitemap), Letshego Namibia, Bank BIC Namibia homepages: no Islamic products
- The Namibian, 16 Apr 2019, 'FNB launches Islamic finance facility': a Nampa-ANA wire quoting FNB's South African Islamic banking head; it does not say the product is offered in Namibia, so not used