2011-07-01 | FPR/DIR/CIR/GEN/01/017

RE: Framework for the Regulation and Supervision of Institutions Offering Non-Interest Financial Services in Nigeria

The Central Bank of Nigeria (CBN) has issued guidelines for the regulation and supervision of institutions offering non-interest financial services, with a focus on Islamic financial institutions. These guidelines outline the licensing requirements, financing modes, fees, corporate governance, risk management, and anti-money laundering expectations for these institutions. The CBN aims to promote financial inclusion and ensure a level playing field for all financial institutions, with a particular emphasis on non-discrimination.

Nigeria

Central Bank of Nigeria

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