La boîte à outils de la finance islamique

The document provides a comprehensive overview of Islamic finance, detailing its foundational Sharia principles, key contracts, and the global landscape of Islamic banking, capital markets, and Takaful. It specifically addresses the under-utilization of Islamic finance in Africa—where assets represent only about 1% of the global total despite a large Muslim population—and offers strategic recommendations for governments to overcome regulatory, fiscal, and capacity barriers to foster economic growth and financial inclusion.

• Islamic finance is based on three pillars: the real economy, universal ethics, and Muslim business law derived from Sharia, prohibiting interest (Riba), excessive uncertainty (Gharar), and gambling or speculation (Maysir).
• Global Islamic finance assets reached over $2.19 trillion by 2018, with Islamic banking as the dominant sector accounting for approximately 72% of the market, followed by capital markets at 27% and Takaful at 1%.
• Islamic finance is significantly under-exploited in Africa; the region represents less than 1% of global Islamic banking assets and accounted for only 2.2% of global Sukuk issuances between 2001 and 2017, despite housing 27% of the world's Muslim population.
• Sukuk, often called Islamic bonds, are investment certificates representing ownership in tangible or intangible assets; global issuances grew from $59 billion in 2015 to $93.43 billion in 2018.
• Green Sukuk are increasingly used to fund climate and environmental projects, with examples including Malaysia's first sovereign green Sukuk in 2017 and the Islamic Development Bank's €1 billion green Sukuk in November 2019.
• Takaful serves as a Sharia-compliant alternative to insurance based on mutual guarantee and risk sharing, with the GCC region providing 45% of global gross contributions in 2018.
• The document identifies several barriers to Islamic finance in Africa, including a lack of political vision, inadequate legal and fiscal frameworks, limited human resource capacity, and a lack of public awareness.
• Key recommendations for African governments include establishing a national Islamic finance strategy, adapting tax laws to ensure fiscal neutrality, creating Sharia-compliant deposit protection funds, and developing 'Islamic Fintech' hubs with regulatory sandboxes.
• Standardization is managed by international bodies: AAOIFI focuses on Sharia, auditing, and accounting standards; IFSB focuses on prudential and regulatory standards; and IIFM develops standardized documentation for capital markets.

APA

FSD Africa (n.d.). La boîte à outils de la finance islamique. https://fsdafrica.org/wp-content/uploads/2025/05/Islamic-Finance-Toolkit-French-large-29.04.20.pdf

Chicago

FSD Africa. La boîte à outils de la finance islamique. n.d. https://fsdafrica.org/wp-content/uploads/2025/05/Islamic-Finance-Toolkit-French-large-29.04.20.pdf.

Wikipedia

{{cite report |author=FSD Africa |title=La boîte à outils de la finance islamique |url=https://fsdafrica.org/wp-content/uploads/2025/05/Islamic-Finance-Toolkit-French-large-29.04.20.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fsdafricandbote, author = {{FSD Africa}}, title = {{La boîte à outils de la finance islamique}}, institution = {FSD Africa}, url = {https://fsdafrica.org/wp-content/uploads/2025/05/Islamic-Finance-Toolkit-French-large-29.04.20.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }