In terms of Islamic finance, Mali is still lagging behind. In an interview with Mali Actu, Modibo Mao Makalou, economist, MBA/Finance Internationale recommends for its development that the country adapt its financial, legal and regulatory tools.

The global Islamic finance market recently passed the $2 trillion asset mark and could reach around $3500 billion in 2021 according to the World Bank. According to Modibo Mao Makalou, justice, fairness and transparency are the main values retained by this financial system. " The particularity of the financing of Islamic financial institutions in relation to the needs of very small enterprises (VSEs) and small and medium-sized enterprises (SMEs) lies essentially in three aspects: they promote participation; they forge a partnership that forces both parties to take risks together by sharing profits and losses; and they use alternative financing methods that are very little known by conventional commercial banks," he said. According to him, islamic banking provides the same services as conventional banks. It is an intermediary between the owners of capital and the borrowers. It engages in the collection of deposits and other miscellaneous operations, while complying with Islamic law.