moroccan central bank approves five participative banks
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Moroccan Central Bank Approves Five Participative Banks

Arab Today, arab today

Arab Today, arab today Moroccan Central Bank Approves Five Participative Banks

Morocco’s Central Bank
Rabat - Arab Today

Morocco’s Central Bank on Monday approved five requests to open participative banks and allowed three banks to sell participative products in the northern African country.

These approvals concern CIH Bank in partnership with Qatar International Islamic Bank, BMCE Bank of Africa jointly with the Saudi/Bahraini group Dalla Al Baraka, Banque Centrale Populaire with the Saudi group Guidance (financial firm specializing in real estate financing), Crédit Agricole du Maroc jointly with the Islamic Corporation for the Development of the Private Sector (ICD), a subsidiary of the Islamic Development Bank (IBD), and Attijariwafa Bank, which is still conducting discussions for a future partnership, the Rabat-based Bank Al Maghrib said in a statement.


 
The central bank also authorized Banque Marocaine du Commerce et de l’Industrie, Crédit du Maroc and Société Générale to sell participative banking products.

In the framework of this activity, the Dahir (Royal Decree) on the Supreme Council of Ulema (religious scholars) was amended and supplemented to establish, from among its members, a Sharia Committee for Participative Finance, which is the sole authority empowered to issue fatwas on the compliance of participative finance products, the same source noted.

Source:Morocco World News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

moroccan central bank approves five participative banks moroccan central bank approves five participative banks

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

moroccan central bank approves five participative banks moroccan central bank approves five participative banks

 



GMT 21:16 2016 Monday ,27 June

Zaki Badr discusses cleaning problem in Giza

GMT 21:46 2017 Saturday ,14 January

Turkey arrests 60 businessmen for alleged Gulen ties

GMT 22:38 2017 Friday ,24 March

Abbas meets with Merkel in Berlin

GMT 09:02 2017 Monday ,27 March

Tunisian Premier Concludes Visit to Sudan

GMT 15:54 2017 Friday ,01 September

Attorney General Directs Prosecutors to inspect Prison

GMT 09:22 2017 Sunday ,31 December

HM King condoles with Afghanistan President

GMT 10:12 2016 Wednesday ,06 April

Strong dollar, mild weather shrink H&M profits

GMT 17:03 2016 Saturday ,24 December

7 police killed in attacks in Afghansitan

GMT 13:51 2017 Friday ,17 March

Israel denies Syria shot down a warplane

GMT 04:08 2017 Thursday ,05 January

Carbon tax can fund clean energy transition

GMT 19:27 2016 Wednesday ,14 September

Alstom to go ahead with plans to shut down Belfort plant
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

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 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday