The same for each of the

It is expected that the Finance Committee room first Bafathas regulatory texts included in the Banking Act during the next few days. A source from the "Bank of Morocco" that was the intent of the Committee to amend the Organic Law of Finance since February last year. But now, after that nearing the completion of this task, will continue to work in order to examine the banking bill. It is expected to take a period of adjustment the legal framework for these banks is between 3 and 4 weeks, before presentation to the houses of parliament.
In the meantime, the Bank of Morocco prepares decrees basic Statr banks participatory, these ordinances will be subject to amendments by demand after the adoption of the new law, says a source from the Bank of Morocco. On the other hand, most of the banks have shown a willingness to formally join the new system. It has proposed octfcu a "commercial and Vapennek" octfcu Islamic financing through its subsidiary dedicated to this purpose, "Serenity House", the latter will be transferred to the Bank of participatory, thus necessitating octfcu raise the bank's capital to 150 million dirhams, according to some estimates.
The same for each of the "Moroccan Bank for Foreign Trade" and "World octfcu Trade Moroccan octfcu Interior," which declared adopted on the expertise of the parent company BNP Paribas in Islamic finance. As for the rest of the banks, unity of the "mortgage loan and tourism" of expressed octfcu reluctance to subject, and it is due to the difficulty of integration in the sector is governed by price and beat it competition, in addition to twice the cost allocated to the products proposed alternative in this regard octfcu compared with the products of traditional.
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