The headquarters of the High Authority of Waqf (HAWAQF) served as a framework for the signing of two (2) "Wakala" investment agreements between HAWAQF and the Islamic Bank of Niger (BIN) on the one hand and between HAWAQF and Coris Bank International-Niger, through its Islamic branch, Coris Baraka, on the other hand.

Each of these two agreements concerns an amount of 1,524,490 euros 17 cents (the equivalent of 1 billion CFA francs each). These are WAQF resources mobilized by the High Authority for Waqf from private donors, to be invested and generate income for the beneficiaries of Waqf projects according to Islamic law.

For the Director General of the High Authority for Waqf, Mrs. Bana Khadijah Diallo, this day marks a turning point in the development of the Waqf sector in Niger. These two "wakala" investment agreements in the form of monetary Waqf (known as cash-waqf) are a first in Niger and even in the African sub-region. This operation, which brings additional resources to our financial market, will undoubtedly contribute to revitalize the Islamic finance sector in Niger, promote the role of the Waqf as an instrument for mobilizing concessional and philanthropic resources for the financing of social sectors, and strengthen Niger's positioning as the regional hub of Islamic social finance in Africa.