Banque Islamique de Mauritanie

What Banque Islamique de Mauritanie does

Banque Islamique de Mauritanie (BIMBANK) is a private Islamic bank founded in 2011 and described as the first Islamic bank in Mauritania. It serves individuals, professionals, businesses, and associations through six physical branches—five in Nouakchott and one in Nouadhibou—with a reported workforce of 88 employees and 8,802 clients.

Its core offering includes Sharia-compliant current and savings accounts, pilgrimage and investment savings, and Islamic financing through Moudaraba, Moucharaka, and Mourabaha structures. The underlying operating platform is an AAOIFI-certified Global Banking solution designed to support Sharia-compliant banking operations.

Customer access is provided through the MyBIM mobile application, an e-banking portal with Arabic and French support, SMS banking, a mobile wallet, GIMTEL card interoperability, and Wari money transfers. Revenue is generated through commercial margins and profit-sharing on financing, fee and float economics from savings and investment accounts, and transaction fees or tariffs for payments, transfers, mobile banking, and e-banking; detailed public pricing is not disclosed. Distribution combines branch-based relationship management, particularly for business customers, with self-service digital channels and shared payment and transfer networks.

Name

Banque Islamique de Mauritanie

Legal name

Banque Islamique de Mauritanie

Website

https://bim-bank.mr

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

Banque Islamique de Mauritanie is a private Islamic bank serving individuals, professionals, businesses, and associations through six branches in Nouakchott and Nouadhibou, with Sharia-compliant financing, accounts, and digital, card, wallet, and money-transfer services.

Ownership category

akta.pro rank

Product category

Islamic Retail Banking

NAICS

Depository Credit Intermediation (5221), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Islamic Retail Banking (FSABAGAA)

akta.pro secondary industries

Islamic SME & Commercial Banking (FSABAGAB), Islamic Corporate Banking (FSABAGAC), Shariah-compliant Financing Products (Murabaha, Ijara, Tawarruq, Istisna, Salam) (FSABAGAH), Islamic Deposit & Account Products (Current/Savings/Investment Accounts) (FSABAGAI)

Keywords

• Islamic banking services
• Sharia-compliant finance
• Murabaha financing
• Mudaraba investments
• Hajj savings accounts

Headquarters

HQ city

Nouakchott

HQ country

Mauritania

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Islamic Financing (Mourabaha): Cost-plus financing arrangement where the bank purchases goods and sells them to the client at an agreed margin, generating revenue through the commercial margin
2. Moudaraba and Moucharaka Financing: Profit-sharing partnerships (Moudaraba) and joint ventures (Moucharaka) where bank participates as capital provider, sharing in profits or losses of financed projects
3. Savings and Investment Accounts: Deposit accounts including current accounts, savings accounts, Hajj savings, and investment accounts generating fee and float revenue
4. Payment Services: Card-based payment and withdrawal services, bill payments, and ATM network access fees
5. Money Transfer Services: Money transfer services through Wari network and internal transfers between accounts and to third-party accounts
6. Digital Banking Services: Mobile and e-banking services with potential fees per tariff schedule for various transactional operations

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels5 records

Core offering

Banque Islamique de Mauritanie (BIMBANK) is the first Islamic bank in Mauritania, offering Sharia-compliant current and savings accounts, Islamic financing products (Moudaraba, Moucharaka, Mourabaha), Hajj and investment savings, GIMTEL interoperable payment cards, Wari-based money transfers, currency exchange, and digital banking via the MyBIM mobile app, e-banking portal, and SMS banking. All products operate under AAOIFI-certified Islamic finance principles.

Product overview

BIMBANK operates as an Islamic bank offering a unified portfolio of Sharia-compliant banking products and services. The core offering encompasses accounts (current and savings), Islamic financing (Moudaraba, Moucharaka, Mourabaha), savings and investment products, and payment methods. Digital banking services include E-banking (online platform), SMS-banking, and the MyBIM mobile application with integrated wallet functionality. Money transfers are facilitated through Wari, while payments use the GIMTEL card network. All products operate under AAOIFI-certified Islamic banking principles with a Digital First strategy targeting both individual and corporate customers.

Differentiator

Problem solved

Functional benefit

Brands

• MyBIM: Mobile banking application for managing accounts, transfers, and payments.
• bimbank Mobile

Products and services

• Comptes (Accounts) Sharia-compliant current and savings accounts offered to individuals (Particuliers), professionals (Professionnels), businesses (Entreprises), and associations, with account opening subject to identity verification.
• Financements Islamiques (Islamic Financing) Islamic financing products including Moudaraba (profit-sharing), Moucharaka (joint venture), and Mourabaha (cost-plus sale) financing targeting private sector workers and civil servants who domicile their income with BIMBANK.
• Placements (Savings and Investments) Islamic savings and investment products including pilgrimage savings (Épargne pèlerinage), simple savings, and investment accounts for individual and business customers.
• Transfert d'Argent (Money Transfer) Domestic money transfer services operated through the Wari agent network, enabling customers to send and receive funds across BIMBANK's branch network with SMS notification options.
• Moyens de Paiement (GIMTEL Payment Card) GIMTEL-branded payment card for cash withdrawal and payment, accepted across 15 affiliated banks and 70 ATMs in Mauritania for balance consultation and cash withdrawal.
• Change (Currency Exchange) Currency exchange services with daily published exchange rates for Ouguiya (MRO), Euro, Dollar, and Rial, displayed in partnership with the Central Bank of Mauritania.
• E-banking Online banking platform enabling customers to access accounts, perform banking operations, and manage finances via the internet banking portal at ebanking.bim-bank.mr.
• SMS-Banking SMS notification service providing account balance updates, checkbook availability alerts, and incoming transfer notifications via mobile phone across all carriers.
• MyBIM Mobile Application Mobile banking application (MyBIM) for iOS and Android providing account consultation, wallet operations (deposit, withdrawal), fund transfers, bill payments, credit purchases, financing requests, checkbook ordering, appointment scheduling, exchange rate display, branch network access, and ATM geolocation.

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• GIMTEL (Groupement Interbancaire de Monétique de Télécompensation)coreTechnology or Integration · 17 June 2021BIM is one of six banks participating in the GIMTEL interoperability convention for mobile payments. This partnership enables interoperable mobile wallets and the GIMTEL card acceptance across 15+ banks and 70 ATMs network-wide.
• BCM (Banque Centrale de Mauritanie)coreStrategic or Co-development Partner · 17 June 2021Central bank-led mobile payment interoperability project where BIM participates as a signatory bank. Governor Cheikh El Kebir Moulaye Taher supervised the project launch on June 17, 2021. Project objectives include financial inclusion and digital payment modernization.
• MauripostminorStrategic or Co-development PartnerMauripost is part of the GIMTEL consortium alongside BCM and the banking system for the mobile payment interoperability project.
• WaricoreChannel Partner/ Reseller/ DistributorWari is the money transfer service partner enabling cash transfers through BIM's branch network. Recipients can withdraw funds at any Wari location using their ID and withdrawal code.

Scale indicators5 records

Recent moves4 records

Expansion highlights5 records

Broad incumbents

• Attijari Bank Mauritanie (Groupe Attijariwafa): Subsidiary of Moroccan banking group Attijariwafa bank operating in Mauritania with a broad retail and corporate offering. Competes for the same Mauritanian banking clients and could plausibly add Islamic banking products at scale.
• Kuwait Finance House (KFH): Major global Islamic bank offering full Sharia-compliant financing, investment, and digital products. Comparable as a benchmark for the AAOIFI-aligned product architecture BIM has implemented on its Global Banking platform.
• Al Baraka Bank: Major international Islamic banking group with African operations offering the full suite of Sharia-compliant products. Comparable as a broad Islamic banking incumbent operating in multiple African jurisdictions, illustrating BIM's potential expansion path.

Regional players

• Coris Bank International: West African banking group with presence in multiple UEMOA countries. Comparable as a regional bank expanding digital and SME offerings across West Africa, indicating the type of regional competitor BIM may face.

Direct peers

• Banque Populaire de Mauritanie (BPM): Local Mauritanian bank offering retail, professional, and corporate banking. Direct competitor for the same Mauritanian retail and SME clients that BIM targets with its Islamic product suite.
• Banque Islamique du Sénégal (BIS): Senegal-based Islamic bank offering Sharia-compliant retail, SME, and corporate products. Comparable as a similarly sized national Islamic bank in a neighboring West African market with comparable regulatory and product profile.
• Banque Sahélo-Saharienne pour l'Investissement et le Commerce (BSIC): Pan-African Islamic bank active across Sahel/West Africa offering Sharia-compliant financing, deposits, and payments. Highly comparable to BIM as both operate Islamic banking under similar regulatory and demographic contexts in the region.
• Banque Mauritanienne pour l'Investissement (BMI): Major Mauritanian commercial bank providing retail, corporate, and investment banking. Directly competes with BIM for the same Mauritanian client base across deposits and financing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/banque-islamique-de-mauritanie

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Banque Islamique de Mauritanie