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Keywords: Islamic Finance
Friday 04 July 2025 - 16:20
In a significant development for Morocco's financial landscape, Islamic financing, known locally as participative financing, has experienced substantial growth in 2023. According to the latest report from Bank Al-Maghrib (BAM), the central bank of Morocco, the sector reached a total of MAD 21.4 billion......
Morocco's Islamic Affairs Minister, Ahmed Taoufiq, recently stirred controversy with his assertion that not all bank loans violate Islamic principles. During a Royal Ramadan Lecture, he challenged the prevailing consensus among Islamic scholars that charging or paying interest on loans, known as......