Islamic finance in Senegal: Constraints and Development Prospects

ISBN-13: 9786200588555 / Angielski

Ibrahima Baldé

Opis

In Senegal, for more than three decades, Islamic finance has been implemented. Through its bank institutions, specially the Islamic Development Bank (IDB) and the Islamic Bank of Senegal (IBS), such a finance has kept on gaining ground and sustaining the country's economic growth. This is witnessed by the recent issuance of Sukuk (Islamic bonds) over 2016-2026 estimated at CFA 200 billion, and the numerous IBS banking subsidiaries relocated throughout the Senegalese territory. But what is Islamic finance? What are its ruling principles? Where does derive its legitimacy? What are its challenges in Senegal? How does it manage to adapt to the Senegalese banking and financial classical systems? What lies ahead for Islamic finance in Senegal?

O autorze

Baldé, Ibrahima
Born in April 21st 1993 in Kolda in the southern region of Casamance, Ibrahima Baldé is a Senegalese author. In 2018 his short story ''Un alluvia de miseria'' written in Spanish won the African literature prize dubbed ''Premio Internacional de Relato Breve de la Universidad de La Laguna para Alumnado de Universidades Africanas Amadou Ndoye'' award.