Moroccan banks Banque Centrale Populaire (BCP) and Banque Marocaine du Commerce Extérieur (BCME) have both revealed plans to create units offering Shariah-compliant financial services.

This launch comes in anticipation of the adoption of a new law allowing the practice of Shariah banks in Morocco. The legislative framework was prepared by the Central Bank, the Bank Al-Maghrib, and was approved by the Governing Council in January. The final step is Parliamentary approval.

http://www.cpifinancial.net/news/post/26269/banks-in-morocco-prepare-for-the-coming-of-islamic-finance

 

 

Tagged with:
 

Leave a Reply

Looking for something?

Use the form below to search the site:


Still not finding what you're looking for? Drop a comment on a post or contact us so we can take care of it!