NOTE-TO-EDITOR
19th September 2013
While the government announced its clear intent to give a boost to Islamic finance in the country, Morocco’s Ministry of Economy and Finance issued a revised draft law for Credit Unions and related financial institutions in August 2012 for participatory banking activities. It details the setting up of individual Shariah boards at banks and a Shariah committee at the central bank level to regulate the activities of Islamic financial institutions. This marks a significant step in adopting Islamic finance with a renewed effort, especially when the draft refers to ‘Shariah in its documentation.
Earlier in 2007, Bank Al-Maghrib, the central bank of Morocco issued a circular, allowing banks to market three Islamic banking products as alternative products. These products were introduced on Ijarah, Murabahah and Musharakah principles.
Looking at this gradual progress and the governmental initiatives, Morocco seems to have a firm commitment and potential for Islamic finance to develop. There is also a strong demand from the consumers with a large number of which remain unbanked due to religious affiliations.
DATE: 19th September 2013
TIME: 8:00 am - 4:00 pm
VENUE: Hyatt Regency, Casablanca
Speakers at this exclusive event also include:
| • | Ahmed Tahiri Jouti - Member, Islamic Finance Project Team, Societe Generale |
| • | Alain Verbeken - Director, Cross-Border Tax, Deloitte Tax & Consulting Luxembourg |
| • | Anas Jaffal - Business Unit Manager, IFAAS |
| • | Boubkeur Ajdir - Director of France, North and West Africa Business, IFAAS |
| • | Farmida Bi - Partner, Head of Islamic Finance - Europe, Norton Rose Fulbright |
| • | Houda Chafil - Managing Director, Maghreb Titrisation |
| • | Khalil Labniouri - Commercial Director & Member of the board, Dar Assafaa |
| • | Mohammad Farrukh Raza - Managing Director, IFAAS |
| • | Mohammed Ghiyath Sheikhah - Head of Local & International Investments, Treasury & Investments, QIIB |
| • | Muhiuddin Ghazi - Director of Research, Dar Al Sharia Legal and Financial Consultancy |
| • | Salima Bennani - Managing Director, Compensation Fund of Morocco |
| • | Said Amaghdir - Chairman, Moroccan Association for Participative Finance Professionals - Sharia Compliant (AMFP) |
| • | Stella Cox - Managing Director, DDCAP group |
| • | Youssef Baghdadi - Chairman of the Board, Dar Assafaa |
To receive your media pass, register online today!
For more information, please contact Rachael Lim:
+603 2162 7800 ext. 43 or email [email protected]
You can also visit www.redmoneyevents.com/2013/2013_roadshow_morocco.asp
We look forward to welcoming you to IFN Morocco Roadshow 2013!
About REDmoney Group
REDmoney Group is the holding company behind Islamic Finance news, Islamic Finance training and Islamic Finance events all leading products in their own right.
For the past nine years Islamic Finance news has been reaching out and educating new markets globally. For eight years REDmoney has been organizing key Islamic finance events with the focus heavily on education and development and for the past six years the IFN Forum has been visiting key developing Islamic financial markets and providing all interested parties with the perfect stage to assist development.
Heading into its 6th year, the Islamic Finance news Roadshow continues to roam the globe educating and updating the developing Islamic financial markets. In 2013, the IFN Roadshow will visit 12 key markets. These markets are those which our clients have suggested we need to focus and also which we believe will witness exponential growth in the coming years.
After Morocco, the IFN Roadshow will travel to Hong Kong (7th November) and Brunei (28th November). A full list of the upcoming 2013 IFN Roadshows are available on our website.
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