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Islamic insurance launched in Morocco

After Atlanta Sanad Assurances, Holmarcom continues its development in the insurance sector in Morocco, with the launch of an Islamic insurance company. The new structure was created a few months after the entry into force of Takaful insurance in Morocco. The diversified Moroccan group, Holmarcom, has launched a new insurance …

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BTI Bank supports VSEs-SMEs in Morocco

The participative BTI Bank (Subsidiary of BMCE BOA) announced, this Thursday, to have signed with the Moroccan Confederation of VSEs-SMEs (Very Small Enterprises-Small and Medium Enterprises) a partnership agreement to support the fabric of small Moroccan companies to through the circulation of dedicated participatory products and services. This agreement covers …

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Al Akhdar Bank posts good results in H1 2019

Al Akhdar Bank, a participating bank of the Crédit Agricole Group of Morocco (CAM) and the Islamic Society for Private Sector Development (ICD), posted “more than positive” results for the first half of 2019 (H1 2019). The halal bank’s net banking income amounted to 6.1 million dirhams in H1 2019, …

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Participatory banks: New products for 2019 and 2020

Currently only Murabaha real estate and movable is marketed It is by far the best-known product of the five approved products and the most popular among Moroccans. It is a sales contract whereby the participating bank acquires movable or immovable property with a view to reselling it to its client …

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