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Receipt for money deposited into a savings account at the sacco in Wajir, Kenya, June 8, 2017. (Reuters)
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Undated file photo showing the front entrance of the Moroccan central bank, the Bank Al-Maghreb. (Reuters)
Morocco’s lower house of parliament approves Islamic banking law
Casablanca, Asharq Al-Awsat—Morocco’s lower house of parliament has approved a new banking law, which for the first time contains articles relating to Islamic banks, paving the way for a fledgling Islamic finance industry in the country after years of false starts....Caption:
Morocco’s central bank governor Abdellatif Jouahari speaks to the media on September 24, 2013. (Reuters/Stringer)
Moroccan government receives new Islamic banking draft bill
Casablanca, Asharq Al-Awsat—A draft Islamic banking law was presented to Morocco’s government on Thursday, in a bid to widen the Islamic financial products and institutions available in the North African Kingdom. The draft bill, which if ratified will be added as a...Caption:
File photo of the Riyadh skyline. (AAA)
Islamic Development Bank scores high on credit ratings
London, Asharq Al-Awsat—International ratings agencies Standard & Poor’s (S&P), Fitch Ratings and Moody’s have all awarded Jeddah-based Islamic Development Bank (IDB) their highest long-term and short-term credit rating scores, making the bank the most...Caption:
File photo of an employee counting money in a bank in Cairo. (REUTERS/Asmaa Waguih/files)