SHARIA BANKING
SENEGAL

SENEGAL SHARIA BANKING SENEGAL ISLAMIC BANKING FINANCE


SENEGAL ISLAMIC BANK MURABAHA MUDARABA

In Senegal, sharia-compliant banking currently accounts for a marginal share of the Senegalese financial sector. Recent estimates expect that Islamic financial assets in Senegal could reach more soon.

Senegal is preparing the legal framework for Islamic finance products such as the issuance of Islamic bonds (Sukuk) and in order to help financing Senegal's SME it will promote Sukuk, Takaful (Islamic insurance) and halal microcredit.

Currently, Senegal has a number of fully operational Islamic banks which serve retail and islamic corporate banking offering halal financing products such as Ijara, Ijara-wa-iqtina, Mudaraba, Murabaha and Musharaka.


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