trending Market Intelligence /marketintelligence/en/news-insights/trending/mL3sKV5dwCzWld60AwgxyQ2 content esgSubNav
In This List

Bahraini lender launches Islamic banking unit in Morocco with BMCE

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Bahraini lender launches Islamic banking unit in Morocco with BMCE

Bahrain-based Al Baraka Banking Group BSC launched an Islamic banking unit, or so-called participation bank, to be headquartered in Casablanca, Morocco, and operated in partnership with Banque Marocaine du Commerce Extérieur SA.

BTI Bank will offer financing for buying property, vehicles and equipment, along with savings accounts and deposits, while conforming to Shariah requirements, Al Baraka Banking Group said. Shariah-compliant banking forbids the charging or payment of interest, among other restrictions.