THE EXPERIENCE OF PARTICIPATIVE BANKS DEVELOPMENT IN MOROCCO: ACQUIRED LESSONS AND CURRENT STATE

AMAL EL MALLOULI, HASSAN SASSI

Résumé


Today, Islamic banking has become an important part of the global economy. This new form of financial intermediation has gradually emerged as an interesting alternative to the conventional system. Morocco, although it is lagging behind in the integration of Islamic finance in its banking system, it has taken great progressive steps to approach this new banking industry.

This paper aims to study the major phases of participative banks development in the country of Morocco, and the evolution of participative banking landscape from the introduction of this new financial industry in 2017 to 2019. The paper starts with presenting a historical overview of the first steps of Islamic finance in Morocco. Then, it sheds light on the first experience of launching Islamic banking products and the constraints that have hindered their development. Secondly, the paper presents the new successful start of Islamic finance in Morocco, which is reflected by the effective launch of participative banks and windows. At the end, the paper presents and analyzes the evolution of participative banking landscape in Morocco, based on statistical data from reports published by the central bank of the country (Bank Al-Maghrib).


Mots-clés


Participative banks; Islamic finance; alternative products; participative banking landscape

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DOI: https://doi.org/10.48376/IMIST.PRSM/remarem-v12i2.22131



ISSN: 2028-5175

E-ISSN: 2458-665X