CCA Bank reviews compliance to Islamic finance products.

Members of the visiting delegation from the Sharia Board were received Wednesday, August 21 at headquarters of CCA-Bank in Douala.

The working session, it was said, reflects CCA Bank's commitment to strengthening the rigour and quality of Islamic finance products offered to its clientele.

It brought together the members of the visiting committee including Ali Bayero Mohammed, Chairman, Zakari Pekekue, Member, Ahmed Sidi Ibrahim Mazou, Member, Hassan Belibi Noah, Member.

They were received by the General Management of CCA Bank, along with the Islamic Finance Sub-Directorate, responsible for the design and compliance of products.

During the Douala meeting, the Islamic Finance Sub-Directorate presented in detail several products currently under development. 

Each proposal was thoroughly examined by the Committee, leading to constructive discussions, recommendations, and approvals — all in strict accordance with Sharia principles.

The clear objective of the deliberations was to ensure both the legal and ethical compliance of the products, in the shared interest of the bank and its clients.

Six products approved

At the end of the session, six Islamic finance products were approved and are now ready for deployment across the branch network. 

The products include savings solutions, participatory financing products (Murabaha, Ijara, Mudaraba), as well as current accounts structured in compliance with Islamic principles. 

Other products, still under review, will be examined in future sessions.

The Committee also issued several recommendations aimed at enhancing the organization of upcoming meetings.

Rendezvous taken for December

The session concluded with a friendly closing session and a group photo. The General Manager of CCA Bank expressed gratitude to the Sharia Board members for the quality and seriousness of their contributions. 

In return, the Committee Chair commended the exemplary collaboration and reaffirmed his commitment to supporting the bank throughout this process.

The next meeting is scheduled for December 11, 2025, with the objective of continuing to expand and refine the range of Islamic finance offerings.

A major milestone…

It is worth noting that in March 2025, CCA-Bank received prior authorisation from COBAC to operate in the field of Islamic finance. 

In line with this momentum, two specialised branches were inaugurated in June 2025 including one in Shell New Bell (Douala) and the other in Tsinga 2 (Yaoundé).

Through the initiative, CCA-Bank reaffirms its ambition to offer inclusive financial solutions, tailored to the needs of a diverse clientele, while strictly adhering to the ethical and religious standards governing Islamic finance.

Clear vision, a strong commitment

CCA-Bank officials say the financial institution believes that the true strength of a financial institution lies in its relationship with its clients. That is why the company has been investing daily in an approach based on proximity, active listening, and trust.

Investing in client relationships for inclusive and sustainable growth — they say, is their vision. The bank believes that is what drives their actions in the development of Islamic finance in Cameroon.

This article was first published in The Guardian Post Edition No:3553 of Wednesday September 03, 2025