Seeing demand, Morocco approves first Islamic banks
Islamic banking
Morocco - Arab Today
Morocco has become the latest Muslim-majority country to authorize Islamic banks, amid growing market demand for Sharia-compliant banking.
The Moroccan central bank announced this week it has approved five Islamic banks, fulfilling a long-standing promise of the Islamist party leading a coalition government since 2011.
Among them are leading national banks Attijariwafa, state-owned Banque Centrale Populaire and private BMCE Bank of Africa. All three hold increasing assets around French-speaking Africa.
The others are CIH Bank and Credit Agricole du Maroc.
Four of the five will be partnerships between Moroccan banks and Islamic financial institutions in the Gulf.
Morocco had long been reticent about Islamic finance, but now sees it as a growth prospect.
Sharia forbids interest, which is central to many banks’ operations.
Source: Arab News
- Friday ,16 November GMT 15:05 2018 World Bank Regional Vice President First Visit to West Bank and Gaza
GMT 14:08 2018 Friday ,14 December
Bank of Russia raises key rateGMT 13:23 2018 Thursday ,13 December
Philippine central bank holds overnight borrowing rate steadyGMT 11:33 2018 Tuesday ,11 December
Top EU court backs legality of ECB bond buyingGMT 20:46 2018 Wednesday ,05 December
World Bank funds water projects in North Kordofan StateGMT 15:06 2018 Friday ,30 November
Egypt, World Bank seek cooperation in solid waste recyclingGMT 12:21 2018 Wednesday ,28 November
BisB silver partner of World Islamic Banking ConferenceGMT 09:19 2018 Thursday ,22 November
AIIB Jin Liqun praises Suez Canal projectsGMT 15:05 2018 Friday ,16 November
World Bank Regional Vice President First Visit to West Bank and Gaza
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 10:13 2016 Friday ,19 February
France prop Atonio extends La Rochelle deal
GMT 12:08 2018 Sunday ,07 January
Monfils predicts 'tough' Australian Open
GMT 06:51 2017 Monday ,04 December
WUNDER2 launches new liquid eyeliner
GMT 02:51 2017 Thursday ,06 July
US ready to work with Russia on Syria 'no-fly zones': Tillerson
GMT 04:03 2017 Wednesday ,01 March
Egypt's central bank launches a EGP 5 bln fund to develop tourist facilities
GMT 01:04 2017 Tuesday ,29 August
Indonesia encourages tourists to explore eastern destinations
GMT 15:03 2017 Monday ,16 October
Icardi hat-trick as Inter reign in Milan
GMT 00:05 2017 Saturday ,07 January
Trump selects former Sen. Coats for top intelligence post
GMT 16:38 2018 Saturday ,08 September
3,500 UAE job opportunities for Emiratis in next 100 daysGMT 17:29 2012 Tuesday ,05 June
Thought-controlled robotics
GMT 21:23 2018 Friday ,12 January
Information Minister: Full commitment to deepening good citizenship
GMT 02:05 2018 Wednesday ,03 January
Pakistan summons US ambassador
GMT 00:27 2017 Tuesday ,21 February
Kuwaiti parliamentary delegation to visit Bahrain
GMT 00:56 2017 Monday ,20 February
Brazil’s evangelicals pray for sinful politicians
GMT 08:17 2017 Tuesday ,12 December
Actress Nadeen Al Rassi joins new Arab show
GMT 13:57 2017 Wednesday ,30 August
Bahrain Bourse daily trading performance
GMT 09:12 2016 Friday ,19 February
Allianz confident for 2016 after 'strong' year in 2015
GMT 17:45 2017 Sunday ,02 April
Wydad’s footballer stresses insistence to win coming match
GMT 21:11 2017 Sunday ,17 September
Mohammed bin Rashid Al Maktoum Knowledge Foundation to launch
GMT 12:54 2017 Wednesday ,26 July
4th national youth to discuss of important national issues
GMT 08:39 2017 Sunday ,19 November
Shaikh Nasser participates in Bahrain Post Open Waters Championship
GMT 01:24 2017 Tuesday ,05 September
Tropical Storm Lidia leaves 7 dead in Mexico's Baja California peninsula
GMT 14:30 2017 Sunday ,01 January
Nancy Ajram enthralls music lovers at Dubai’s Global Village
GMT 09:57 2017 Thursday ,06 April
Iraqi forces prevent new suicide attacks against Tikrit
GMT 04:17 2017 Saturday ,02 September
Madonna moves to Lisbon to help son David become a football star
GMT 23:01 2017 Tuesday ,03 January
Abu Dhabi announces list of UAE public holidays for 2017GMT 18:27 2011 Saturday ,09 April
Nigerians gather to vote after deadly bomb blast
GMT 10:38 2017 Wednesday ,04 January
Shares in Next, UK clothing groups slump on price warning
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor