On January 26, Senegal will disburse more than 14 billion FCFA for the half-yearly margin and partial repayment of its Islamic bond called "SUKUK State of Senegal 6% 2016- 2026".
In June 2016, the country had launched on the financial market of the West African Monetary Union (WAMU) a Sukuk or Islamic bond for an amount of 150 billion FCFA. The issuer had set a profit margin of 6%, with a maturity of 10 years, to be paid to subscribers, instead of a conventional interest rate prohibited by Islamic law.
The operation was structured around a debt securitization mutual fund (FCTC) which issued  15 million units (Sukuk) with a nominal value of 10,000 FCFA  per unit for investors. In return, this operation received liquidity for a total amount of 150 billion FCFA.