Tunisia: Islamic banks and finance
Checked on October 12, 2026
Tunisia passed a sukuk law in 2013, added takaful insurance to the insurance code in 2014 and then recognised Islamic banking in Banking Law 2016-48; banks are supervised by the Central Bank of Tunisia (BCT) and insurers by the General Insurance Committee (CGA). Three Islamic banks operate in 2026: Banque Zitouna, founded in 2010, Al Baraka Bank Tunisia, present since 1983, and Wifak International Bank, an Islamic bank since 2017. The CGA lists three takaful insurers (Zitouna Takaful, Al Baraka Assurances and Attakafulia), and Zitouna Tamkeen provides Islamic microfinance. Islamic finance remains a minority in a banking sector dominated by conventional banks.
The 7 providers
-
Banque Zitouna
Islamic bank- Since
- 2010
- Supervision
- BCT
- Products
- Current account, Card, Savings, Home finance, Car finance, Personal finance, Business
-
Al Baraka Bank Tunisia
Islamic bank- Group
- Al Baraka Group (Bahreïn)
- Since
- 1983
- Supervision
- BCT
- Products
- Current account, Card, Savings, Home finance, Car finance, Business
-
Wifak International Bank
Islamic bank- Since
- 2017
- Supervision
- BCT
- Products
- Current account, Card, Savings, Home finance, Car finance, Business
- Contracts
- Murabaha
Formerly the leasing company El Wifak Leasing, the institution was converted into an Islamic bank in 2017 under the name Wifak International Bank.
-
Zitouna Tamkeen
Finance company- Group
- Banque Zitouna
- Supervision
- ACM
- Products
- Business, Personal finance
An Islamic microfinance institution that funds farming, trade and craft activities in 2026 under the oversight of a Sharia committee.
-
Zitouna Takaful
Takaful insurer- Group
- Banque Zitouna
- Supervision
- CGA
- Products
- Insurance
-
Al Baraka Assurances
Takaful insurer- Group
- Al Baraka Group (Bahreïn)
- Supervision
- CGA
- Products
- Insurance
-
Attakafulia
Takaful insurer- Supervision
- CGA
- Products
- Insurance
Before you commit
- Ask for the names of the Shariah board members and their published rulings on the product.
- Check that the provider is authorised by the country’s regulator.
- Compare the total cost, not just the monthly payment: the calculators in this section can help.
- Read the contract: who owns the property, who bears the risk, late-payment charges and where they go.