Kuala Lumpur, 23 March 2017- Professor Mary Teuw Niane, Minister of Higher Education & Research of The Republic of Senegal, was on campus today to learn more about Islamic Finance education and to discuss ways to develop mutual beneficial relations in the field of higher education between Senegal and INCEIF.
He was in Malaysia for a 5-day working visit at the invitation of Minister of Higher Education of Malaysia Dato’ Seri Idris Jusoh and was accompanied by 14 officials including representatives from Senegalese universities.
On hand to welcome the Minister were INCEIF President & CEO Daud Vicary Abdullah and Deputy President Academics Datuk Syed Othman Alhabshi who proceeded to give a briefing on INCEIF and its programmes. Currently, there are 12 Senegalese who are studying at INCEIF.
Following the meeting, INCEIF is looking into the possibilities of offering fee waiver to a number of Senegalese who wish to pursue the academic programmes at INCEIF. Senegal will reciprocate by offering flight tickets and stipend to the successful applicants.
Senegal’s banking system is one of Africa’s most competitive. Yet, there is still lot of scope for it to expand and improve due to its steady economic growth and a large unbanked population. The French speaking West African country with Muslim majority population is trying to position itself as a centre for Islamic Finance in West Africa. With the African economy booming and with a new era of political governance beginning, Senegal offers a prospective market for Islamic finance, due its large Muslim population.