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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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Participatory Finance: Bank Al Yousr dissects the stakes

“Participative finance: what role can it play in economic development?” Is the theme of the 2nd edition of the “Moultaka Al Yousr” symposium held on June 17 by Bank Al Yousr (BCP Group). This event, attended by more than 400 participants, demystified some of the misunderstood concepts of participatory finance …

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