Zanzan District, Côte d'Ivoire · Africa
Wakala sits on the route: 10 minutes from Bilaodi.
Wakala is a town located in Zanzan District, Côte d'Ivoire. With a population of 1,130, it is an important destination in Africa.
On a road trip, Wakala sits in Côte d'Ivoire. It's in the Africa/Abidjan time zone. Below you'll find where to stay, things to do nearby, and everything you need to add Wakala to your route.
Islamic banking, Islamic finance (Arabic: مصرفية إسلامية masrifiyya 'islamia), or Sharia-compliant finance is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabahRead more
(profit-sharing and loss-bearing), wadiah (safekeeping), musharaka (joint venture), murabahah (cost-plus), and ijarah (leasing).
Sharia prohibits riba, or usury, generally defined as interest paid on all loans of money (although some Muslims dispute whether there is a consensus that interest is equivalent to riba). Investment in businesses that provide goods or services considered contrary to Islamic principles (e.g. pork or alcohol) is also haram ("sinful and prohibited").
These prohibitions have been applied historically in varying degrees in Muslim countries/communities to prevent un-Islamic practices. In the late 20th century, as part of the revival of Islamic identity, a number of Islamic banks formed to apply these principles to private or semi-private commercial institutions within the Muslim community. Their number and size has grown, so that by 2009, there were over 300 banks and 250 mutual funds around the world complying with Islamic principles.
By 2024, estimates of total Sharia-compliant assets ranged from US$3.88 trillion according to the Islamic Financial Services Board's Stability Report 2025, to US$5.98 trillion according to the ICD–LSEG Islamic Finance Development Report 2025, which applied a broader definition of the Islamic economy across 140 countries. The Gulf Cooperation Council region accounted for the largest share at 53.1% of IFSB-measured assets, followed by East Asia and the Pacific at 21.9%, driven by Malaysia and Indonesia.
Although Islamic banking still makes up only a fraction of the banking assets of Muslims, since its inception it has been growing faster than banking assets as a whole, and is projected to continue to do so.
The Islamic banking industry has been lauded by devout Muslims for returning to the path of "divine guidance" in rejecting the "political and economic dominance" of the West, and noted as the "most visible mark" of Islamic revivalism; its advocates foresee "no inflation, no unemployment, no exploitation and no poverty" once it is fully implemented. However, it has also been criticized for failing to develop profit and loss sharing or more ethical modes of investment promised by early promoters, and instead merely selling banking products that "comply with the formal requirements of Islamic law", but use "ruses and subterfuges to conceal interest", and entail "higher costs, bigger risks" than conventional (ribawi) banks.
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Wakala is located in Zanzan District, Côte d'Ivoire, Africa. The coordinates are 8.1086 latitude, -3.1429 longitude.
Wakala has a population of approximately 1,130 people, making it a town in Côte d'Ivoire.
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