Rabat - It is amid a public confusion that Islamic finance has made its first steps into the Moroccan banking system. The novelty of the young participative market in Morocco and the structural ambiguity of its interbank circuit have often led experts and clients alike to believe that participatory financing would be more expensive than conventional bank loans.

Morocco’s Islamic ‘Participatory’ Banks: 71 Agencies and MAD 1.1 Billion in Loans
Chaima Lahsini is freelance journalist and activist with the Al-Fam collective in Rabat.