Date: 16th November 2020
Venue: Rabat, Morocco
ABOUT THE FORUM
Objectives of the Dialogues
The IFN Morocco Forum will provide market players with an opportunity to come together and discuss how to advance and develop the Islamic Banking and Finance industry in Morocco. The sessions will enable participants to share in-depth analysis, experiences, information and views that may be more appropriately discussed in a smaller, more exclusive environment. The Dialogues will also allow market players and regulators to provide bi-lateral feedback and suggestions on how the participation industry can be taken forward: what steps should be taken by regulators and how market players can assist.
Format and Follow-on
The Dialogues adopt the Chatham House Rule, designed to increase openness of discussion. Anyone who attends the Dialogue is free to use the information from the discussion but is not permitted to reveal or attribute comments made. At the conclusion of the Dialogues, IFN will produce a report summarizing key points discussed during the sessions. This report will then be distributed to Dialogue participants and relevant regulatory bodies. All recipients will be reminded of the confidential nature of this document.
Role of Regulators and Market Players during the Dialogues
Regulators are invited to attend the Dialogues. They need not actively participate in discussions but are of course welcome to do so. Market players are encouraged to use this opportunity to raise issues that they would not otherwise feel comfortable discussing in an open forum. The Dialogues are an opportunity to raise, debate, analyse and examine current issues affecting the participation finance industry among a group of peers. They offer a unique platform to share concerns with regulators – those in the room and those who will eventually receive the Dialogue report. Finally, it is also an ideal setting to discuss potential collaboration that will ultimately benefit the domestic market.
Pre-Dialogue Preparation and Agenda Setting
All Dialogue participants will be confirmed and announced two weeks prior to the event taking place. At that point, IFN will invite participants to provide input on key issues, questions and points that will ultimately shape the agenda and drive the Dialogue discussion and will also ask participants to identify and share topics and areas they would like to be addressed on.
Last Visit to Casablanca
Date: 2nd April 2019
Venue: Sheraton Casablanca Hotel & Towers, Casablanca
Speakers: 20 Speakers
The participation finance (Islamic finance) industry is poised for growth in Morocco. Initiated back in 2014 with the vote of the participation finance bill, the development of an exhaustive regulatory framework aiming to accommodate all aspects of participation finance in Morocco reached a whole new level in 2017 when the eight banks that were granted licenses in January were finally allowed – seven months later – to offer Shariah compliant products.
By developing a full set of regulations accommodating all aspects of the participation finance industry, the Kingdom has come a long way where participation finance is concerned. For participation banks, the top priority is certainly the introduction of Takaful but some market players have mentioned the need for an Islamic asset management industry while others are calling for the Casablanca Stock Exchange to be equipped with an Islamic equity index.
IFN Forum Morocco was a timely opportunity for the main participative finance actors to share with the public the latest developments of the industry.
The IFN event gathered the participative finance professionals and updated them through very useful interactions on different subjects.
IFN Forum Morocco 2017 was a successful event that gathered the main local players and some prominent international experts to discuss the perspectives and to give an insight about the challenges facing the Islamic finance industry locally and globally. It is always interesting to be part of the IFN events for their punctuality and networking opportunities.
In my view, the event was just a success story: it was well-organized and well-enriched with a special focus on the hot topics/issues. So, I would like to extend my wholehearted congratulations and appreciation to the event organizer and the whole working team.