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Senegal is a mostly Muslim country and a member of the West African Economic and Monetary Union (WAEMU). Halal certification is offered by certification bodies such as Halal Sénégal, set up in Dakar in 2019, which audits food, cosmetics, pharmaceuticals and tourism services against the OIC/SMIIC standards. ADEPME, the national agency for SMEs, organises the Journée du Halal at the Dakar International Fair (FIDAK) to help Senegalese companies reach Halal markets.
Islamic finance is regulated at regional level: the BCEAO, the WAEMU central bank headquartered in Dakar, adopted a framework for Islamic banks and Islamic microfinance in 2018. Senegal has an Islamic bank, Banque Islamique du Sénégal, Islamic microfinance institutions and a public fund to develop them (FDMI), and in 2014 it became the first WAEMU state to issue a sovereign sukuk. This guide lists the institutions behind each part, with their pages on Wasabih.
The bodies that audit and certify Halal products and services in Senegal.
HALAL SENEGAL
🇸🇳 Dakar, Senegal
Halal Sénégal s’inscrit dans la continuité d’initiatives structurantes les que le Salon International du Business Musulman (SIBM) et le Forum Africain du Business Halal, plateformes de promotion et de dialogue autour de l’économie halal en Afrique. Créée en 2019, Halal Sénégal est un organisme spécialisé dans la certification halal et l’accompagnement des entreprises. Elle a certifié plusieurs grandes entreprises au Sénégal et intervient sur la base des normes halal internationales du SMIIC, contribuant à la structuration et à la crédibilité du secteur halal au niveau national et régional. Dans le cadre de ses missions, Halal Sénégal collabore étroitement avec État du Sénégal pour la construction d’un écosystème halal structuré, crédible et compétitif au niveau national.
1 event on Wasabih
The agency that supports Senegalese SMEs and organises the Journée du Halal.
The regional central bank, the microfinance supervisor, the Islamic microfinance fund, and the Islamic bank, takaful and microfinance providers.
Banque Centrale des États de l'Afrique de l'Ouest (BCEAO)
🇸🇳 Dakar, Senegal
Central bank of the West African Monetary Union, headquartered in Dakar. It issued the 2018 rules for Islamic finance in banks and microfinance institutions and accepts sukuk at its refinancing windows.
Direction de la Réglementation et de la Supervision des SFD (DRS-SFD)
🇸🇳 Dakar, Senegal
Ministry of Finance department that regulates and supervises Senegal's microfinance institutions, which may offer Islamic finance under law 2019-06.
Fonds de Développement de la Microfinance Islamique (FDMI)
🇸🇳 Dakar, Senegal
The Islamic Microfinance Development Fund (FDMI), recently launched in Senegal (April 2026), is a strategic financial instrument aimed at promoting financial inclusion through Sharia-compliant mechanisms. A successor to the PROMISE program, it aims to create 25,000 jobs and strengthen skills within the sector.
Banque Islamique du Sénégal (BIS)
🇸🇳 Dakar, Senegal
The only bank in Senegal that operates entirely under Islamic finance principles, founded in 1983 and a member of the Islamic Development Bank Group. It finances households and SMEs with Sharia-compliant products and has co-arranged Senegal's state sukuk.
Sen Assurances Vie (Sen Takaful)
🇸🇳 Dakar, Senegal
Life insurer whose Islamic window, Sen Takaful, offers takaful cover in Senegal, including a product for moto-taxi drivers launched in Kaolack.
Al Rahma Microfinance Islamique
🇸🇳 Dakar, Senegal
Fully Islamic microfinance institution licensed in 2023, a subsidiary of BNDE and a partner of the Islamic Microfinance Development Fund (FDMI).
Taysir Finance
🇸🇳 Dakar, Senegal
The first fully Islamic microfinance institution in Senegal, licensed in 2021 and operating since January 2022, financing SMEs with Sharia-compliant products.
Institutes in Dakar training Islamic finance professionals.
Institut Africain de Finance Islamique (AIIF)
🇸🇳 Dakar, Senegal
Dakar-based institute that has organised the International Islamic Finance Forum of West Africa since 2010 and runs Islamic finance training.
Centre Africain d'Études Supérieures en Gestion (CESAG)
🇸🇳 Dakar, Senegal
Dakar business school offering an MBA in Islamic finance and a certificate in Sharia audit and control.
Analysis and news about the Halal economy in Senegal.
Trade, Export & Investment
As part of an ADEPME–FONSIS partnership, Senegalese companies are invited to complete, by 17 July 2026, a pre-selection questionnaire for support in opening up their capital through the Fonds Islamique de Relance (FIR).
15 July 2026
Trade, Export & Investment
Islamic microfinance meets sovereign ambition — and the halal economy is now officially on the government's agenda.
23 April 2026
Events & Ecosystem
Senegal pivots to make Halal an economic engine. New state authority and international standards unlock global Halal trade and investment.
13 January 2026
Trade, Export & Investment
MATRADE has named Abu Bakar Yusof as CEO from 20 December 2025, succeeding Dato' Sri Mohd Mustafa Abdul Aziz, as Senegal integrates the Halal economy into its national agenda and ADEPME plans a 100-square-metre pavilion at MIHAS 2026 in Kuala Lumpur.
9 January 2026
Industries & Sectors
The world's third-largest player in modest fashion, Indonesia is targeting the Saudi market, estimated at $4.25 billion in 2024. The article also examines how Senegalese SMEs could draw inspiration from this strategy to target the African market.
2 March 2025
Regions & Markets
The article presents Halal tourism, a market whose spending exceeded 250 billion dollars in 2023, and ways for Senegal to benefit from it: suitable infrastructure, changing local perceptions, targeted marketing and partnerships.
15 August 2024
Certification bodies such as Halal Sénégal, based in Dakar since 2019, audit and certify food, cosmetics, pharmaceuticals and tourism services against the OIC/SMIIC standards. Exporters should check which certificates their target markets recognise.
Halal Sénégal certifies against the OIC/SMIIC standards: OIC/SMIIC 1:2019 for food, OIC/SMIIC 4 for cosmetics, OIC/SMIIC 9 for tourism and OIC/SMIIC 5001 for pharmaceuticals.
The BCEAO, the central bank of the WAEMU, sets the rules: its 2018 instructions cover Islamic finance by banks and by microfinance institutions. In Senegal, the DRS-SFD of the Ministry of Finance supervises microfinance institutions, including Islamic ones.
Yes. Senegal issued a CFA 100 billion sukuk in 2014, the first sovereign sukuk in the WAEMU, and a CFA 150 billion, 10-year sukuk in 2016, both on the regional market.
A Halal business day held at the Dakar International Fair (FIDAK), organised by ADEPME Sénégal and run by Wasabih, with B2B meetings, panels and agreements to connect Senegalese SMEs with the global Halal market.
Companies, certifiers and associations from Senegal with a page on Wasabih.
Part of the Halal economy in Senegal?
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