“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 and debated the key issues it faces. The participative bank of the BCP group has made a progress report on the progress made in the field in Morocco and to clarify some aspects still unknown by the general public.
Among the experts present were Sami Souilem, General Manager of the Islamic Research Institute at the Islamic Development Bank (Jeddah), and Mohamed Karrat, Professor at Al Quaraouiyine University.
In particular, the bank emphasized the need to rapidly dispose of the regulatory texts currently being drafted in order to speed up the development of the activity, while providing the necessary insights, particularly in terms of financing, the system of taxation, or corporate guarantees.