The Ministry of Justice signed Wednesday in Rabat, a memorandum of understanding with the Islamic Institute for Research and Training (IIRF), belonging to the Islamic Development Bank (IDB) group, on training in the field of principles and contracts of participatory financing .
The Minister of Justice, Mohamed Aujjar, has emphasized on this occasion that this partnership will make it possible to organize training within the Higher Institute for Magistracy for magistrates, lawyers, clerks and registrars. It is important to introduce them to participatory funding, legal particulars and practical aspects, emphasizing the importance of increasing the opportunities for exchanges and sharing knowledge, especially those relating to the legal system.
Morocco has begun the major project of reform of the judiciary, under the enlightened leadership of HM King Mohammed VI, with a view to the attribution of the principle of justice to the service of citizens and development, to improve its performance and to ensure its effectiveness and efficiency, he noted, noting that these goals can only be achieved by staff trained and prepared equipment, intellectual and psychological.
The entry into force of the statutory regime of the participating banks represents a new challenge for the various actors in the field of justice, he added, assuring them of the fact that they have to update their knowledge regularly and open up about the novelties of a environment in perpetual transformation.
For its part, the Director of the Regional Office of the Islamic Development Bank (IDB) in Rabat, Elwalid Abdelaal Hamour, welcomed the strong relations between the IDB and the Kingdom of Morocco as a founder and active member, not to cut back on the means to contribute to to expand the development of the IDB and its activities.
Morocco has the right legal, economic and institutional climate to develop participatory financing, as well as all the necessary conditions to ensure the success of this sector, he said, and welcomed the total coordination between the various institutions of the Kingdom, Bank Al-Maghrib, the High Council of Ulemas, the Ministry of Justice, the Ministry of Economy and Finance, the Central Guarantee Fund, commercial banks and the insurance sector, as well as universities and colleges. research institutes.
For its part, the economist of IDB’s regional office, Said Mourabit, noted that the signing of this memorandum seeks to strengthen the partnership and cooperation relations between the Kingdom of Morocco and the IDB in order to provide participative financing through the preparation of the necessary institutional and legal structures in this area, recalling that the training program devoted to this purpose comprises four training sessions covering both the theoretical and the practical framework.