Islamic finance has made its mark under Sharia law (ban on interests, ban on investing in sectors such as alcohol, tobacco, gambling, etc.). After the excellent results of the Sukuk bonds (Sukuk État de Côte d'Ivoire 5.75% 2015-2020″; “Sukuk État de Côte d'Ivoire 5.75% 2016-2023) made on the financial market of the West African Economic and Monetary Union (Uemoa), on 17 October 2016, the practice of

To encourage investors to turn to this model, the Ivorian Ministry of Economy and Finance organized a seminar on the theme: “Islamic finance, as an alternative solution for financing economic agents”. In the hope of better ownership of Islamic finance and the opportunities for its development in Côte d'Ivoire, this workshop presented the regulatory framework and the landscape of Islamic finance as a major asset for financial inclusion. But also discuss the issues, challenges, and opportunities related to the development of Islamic finance, particularly in terms of regulation and synergy between markets.”

However, it should be noted that in the world of Islamic finance, some banking and development institutions drive the African market and businesses. We can mention the Arab Bank for Economic Development in Africa (Badea). From its creation in 1973 until 2015, Badea has financed 593 projects in Africa with an allocation of 4703 million dollars. Given the alternative it offers, last year the Ivorian authorities invited Badea to contribute to development by improving the competitiveness of Small and Medium Industries (Pmi) and Small and Medium-Sized Enterprises (SMEs)