The first workshop on the Sukuk Model Law was held in Dakar, Senegal. The event was organzied by the Islamic Development Bank (IDB) and the Islamic Research and Training Institute (IRTI), in partnership with the Central Bank of West African States (BCEAO). A number of experts and finance officials from the eight BCEAO member countries participated in the event. The project aimed to create a model Sukuk law and guidelines that leverage global best practices. Subsequent regional consultations are planned for South East Asia, Central Asia and the MENA regions. Speaking on the occasion, IRTI Director Mohamed Azmi Omar said the workshop reaffirmed the importance of Sukuk as an increasingly significant instrument of resource mobilization.