The Government of Senegal gave Impaxis Securities and a consortium made up of other stock exchange companies the mission of organising and managing the placement of securities in this innovative and pioneering operation in the WAEMU area. In 2014, the Government of Senegal launched the first public issuance of a Sukuk on the Regional Financial Market, a fund-raising campaign in line with the principles of Islamic Finance, structured through a Special Purpose Vehicle (SPV). As a result, CFAF100 billion was raised to finance development projects.