Islamic banks have started operating in the Kingdom marking the beginning of a new era of finance that Moroccans are unfamiliar with. How do they work and what characterizes their operations and offers is a question that needs to be answered.
Bank Al-Maghrib has granted 4 banking licenses to Islamic banks in Morocco. Two independent banks and two other subsidiaries of the traditional banking sector will be able to operate from now on and offer their services to the public.
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