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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Funding granted by participatory banks increased, year on year, by 50% to more than 18.51 billion dirhams in October 2021, according to Bank Al-Maghrib (BAM). This financing is distributed over real estate (15.71 billion dirhams), consumption (1.13 billion dirhams), equipment (1.53 billion dirhams) and cash (35 million dirhams), specifies BAM …
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The outstanding financing granted by participatory banks in Morocco reached 7.7 billion Dirhams at the end of June 2020, marking a growth of 59% on a sliding scale, according to an analysis Finéopolis institute. The outstandings backed only by the “Mourabaha” were marked by a strong concentration of real estate …
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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, 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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Morocco’s participatory bank officials are looking forward to 2019 with much hope to bring Takaful insurance into existence to allow for a full start to the products proposed by Islamic finance and thus attract more customers. After achieving modest results a year and a half after the launch of participatory …
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The annual report of Bank al Maghrib, the central bank of Morocco, has highlighted a solid progress in the Islamic finance sector, whose outstanding loans to the economy, reached 4.6 billion dirhams at the end of December 2018. This performance comes with the start of activities for 5 banks and …
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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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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 …
Read More »
Morocco’s participatory bank officials are looking forward to 2019 with much hope to bring Takaful insurance into existence to allow for a full start to the products proposed by Islamic finance and thus attract more customers. After achieving modest results a year and a half after the launch of participatory …
Read More »
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