Morocco’s Attijariwafa Bank plans to build its own Islamic finance business rather than tying up with a foreign partner, it said on Friday, as the north African country opens up to sharia-compliant banking.
Morocco’s parliament gave final approval in November to an Islamic finance bill that will allow the creation of Islamic banks and enable private firms to issue Islamic debt.
The move has led other Moroccan banks, including Banque Centrale Populaire and BMCE Bank to hold talks with foreign banks about launching local Islamic offshoots.
Read more at Reuters
