A multidisciplinary study group composed of lawyers, tax experts, businessmen, scientists and clerics have decided to build a national and regional promotion body for Islamic finance in Senegal.
Mr Karim Ahmed Al CISSE, President of the 'Comité national Charia Finance Sénégal' has announced this to have officially received the recognition of this body by the Senegal Ministry of the Interior of Senegal. Mr. Karim Ahmed CISSE, sees the committee's mission asessential to participate in the emergence of a legal and fiscal environment conducive to the development of Islamic finance. It is also a part of capacity building for clerics to allow them to play their role in the Shariah Board.
Gilles Saint-Marc, a Paris based lawyer is cited that the first Islamic bank in France may start already in June 2009.
Quantis was founded recently to provide expertise in responsible Islamic finance combined with quantitative methods by Marwan Muhammad and others.