Journal of Islamic Banking and Finance

Islamic Banking in Morocco: The Factors of a Promising Future
Salma Rhanoui, Khalid Belkhoutout

Abstract
In recent years, financial activities conducted under the sign of “Islamic Banking” have grown pointedly in volume and scope, attracting noteworthy attention worldwide. Driven by the repercussions of the 2008 financial crisis and the repercussions of the Arab Spring, countries in North Africa have started reinforcing the core pillars that support the growth of a complete Islamic banking industry. Morocco is a fresh entrant to this discipline with a progressive path. This careful approach began with the introduction of Alternative Finance in 2007 and was confirmed by the Participative Banking act chapter in 2014. In this sense, the aim of this paper is to analyze the Kingdom’s inventory of fixtures as a newcomer to the Islamic banking. Precisely, the following work will attempt to identify the main strengths, challenges and limitations underlying the paradigm of Islamic banking in Morocco.

Full Text: PDF     DOI: 10.15640/jibf.v5n1a2