Credit Agricole to Open Morocco’s First Islamic Bank

Moroccan state-owned bank Credit Agricole (CAM) received the approval of the Ministry of Finance to open an Islamic subsidiary with The Islamic Development Bank (IDB), the Central Bank, Bank Al Maghrib, said in an official bulletin. Bank Al Maghrib added that it is in the final stages of launching Islamic finance industry, which is referred […]

Tunisia to tap Sukuk market

Tunisia will be introducing its financial transactions to Sukuk for the first time next year alongside Egypt according to CIMB Group Holdings and OCBC Al-Amin Bank with the global sukuk sales tipped to surpass 2012 record of $46 billion in 2013. Sukuk has been attracting countries after the global economic crises took centre stage. Countries […]

Throne Day: King Mohammed VI pardons nearly 2,500 inmates, including convicts in extremism, terrorism cases

On the occasion of Throne Day, celebrated on July 30 in Morocco, King Mohammed VI granted pardon to 2,476 People, sentenced by the different Moroccan courts, the Justice Ministry said in a statement. The Ministry of Justice unveiled the list of the beneficiaries of the royal pardon, who are either detained or serving a suspended […]