The Islamic Bank of Senegal (BIS) and the Society Immobilière du Cap-Vert (SICAP SA) have sealed a strategic partnership in a context of persistent housing crisis.

The objective of the partnership between the two BIS and SICAP institutions is to facilitate the acquisition of housing through financing solutions in accordance with the principles of Islamic finance. This Convention marks a significant advance in the real estate landscape Senegalese. It allows future buyers to benefit from conditions optimized acquisitions, thus removing one of the main obstacles to accession to ownership: the question of financing.

According to the Islamic Bank of Senegal, partnership is part of a wider strategy to support development socioeconomic. For a BIS manager, the objective “is to offer ethical and inclusive financial products that meet the real needs of Senegalese populations”.

The bank focuses on the principles of finance Islamic — prohibition of interest, risk sharing, backing into the real economy to attract an ever increasing number of customers looking for banking alternatives in line with its values.

On the side of SICAP SA, a historic player in the sector real estate, this agreement significantly broadens the range of options available for its customers. The company is thus strengthening its position in the social and accessible housing credit, a promising segment in a country where Demand far exceeds supply.