16.02.2012 - Morocco, first Muslim banks soon
Morocco might soon create its first Islamic banks. The issue is indeed one of Benkirane government's priorities: the Parliamentary group of PJD, the moderate Islamic party having won November's elections, has already finished writing the draft bill to be presented at the Chamber of Deputies, drafted by a team of Party's experts led by the General Affair and Governance Minister Mohamed Najiib Boulif. On the financial instruments' market, the so-called "Islamic" instruments were already partially available, but the institutes managing them had never expressed their interest in the creation of specialized banks...............................................Full Article: Source
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