Morocco Mulls First Islamic Bond in Years, Says Monetary Chief

Morocco to resume sukuk issuance, says central bank governor

Morocco is preparing its second Islamic bond, or sukuk, issuance since 2018, Central Bank governor Abdellatif Jouahri said on Thursday.

Morocco Mulls First Islamic Bond in Years, Says Monetary Chief

Morocco may sell Islamic bonds in 2025 after a seven-year hiatus, the central bank governor said, amid an investment drive for the men’s football World Cup in 2030.

Conventional Banking Isn’t Un-Islamic, Morocco’s Islamic Affairs Minister Says

At the 23rd Forum on the Financial Stability of Islamic Financial Institutions in Rabat, Morocco’s Minister of Islamic Affairs, Ahmed Toufiq, said on Thursday that Morocco uses the term “participatory finance” rather than “Islamic finance” deliberately to avoid creating the impression that other financial systems are un-Islamic. The choice of language is intended to foster inclusivity and clarity, he said. “The introduction of what is commonly c…

Morocco Mulls First Islamic Bond In Years, Says Monetary Chief

Morocco may sell Islamic bonds in 2025 after a seven-year hiatus, the central bank governor said, amid an investment drive for the men’s football World Cup in 2030.The government is “studying” a new sukuk before the end of this year, Governor Abdellatif Jouahri said to Bloomberg on the sidelines of an Islamic finance conference in Rabat on Thursday. He did not say whether the issuance would be in a foreign or the local currency.Morocco last sold…