Islamic banks in Morocco

Since 5 March 2015, Morocco has gained a new category of banks whose products and services must comply with Sharia rules: Islamic or 'participatory' banks.

Awaited by market players in the domestic and international banking sector and by a large part of the Moroccan population, this law is the result of careful thought by Bank Al-Maghrib, refined by feedback from countries that are pioneering Islamic finance.

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