| Abstract: |
In Senegal, as elsewhere in the WAEMU zone, access to credit for vulnerable
microentrepreneurs is a major concern despite the important role of
traditional microfinance institutions. To effectively solve this problem,
Islamic microfinance has been identified as an alternative offer, alongside
conventional finance, in order to give access to bank accounts to those
underprivileged people that have not been sufficiently served by financial
institutions. Thus, this article aims to study the advent of Islamic
microfinance in Senegal. To do this, our research focuses on the history and
role of the State of Senegal in the promotion of Islamic microfinance to
finally present the characteristics of this new funding model for vulnerable
populations often excluded from the traditional financial system. |