This paper looks at Islamic Banking in West African sub region by juxtaposing it current status visa-vi the vast potentials of the region. Though, the study is restricted to selected countries in the region (six of them), there are sixteen countries that made up the region; who are endowed with different resources ranging from mineral, agricultural, vegetational, historical to human resources. With a total population of over 300 Millions and combine Gross Domestic product of more than $500 Billions the region potentiality is vast. The findings of the paper in the countries of this survey is that Islamic Banking is yet to take up fully as there are still many domestic obstacles to the operations of the system in these countries. Despite these problems some successes have been achieved in Nigeria, Senegal and Guinea. The approach adopted in this paper is both thematic and geographical, while the method of showing findings is descriptive as the study is a survey. Most of the data uses for this research are generated from secondary sources.

This paper looks at Islamic Banking in West African sub region by juxtaposing it current status visa-vi the vast potentials of the region. Though, the study is restricted to selected countries in the region (six of them), there are sixteen countries that made up the region; who are endowed with ...