Monday, 2 February 2015

Morocco’s Attijariwafa Bank to Launch Islamic Bank

Mohamed Kettani, Attijariwafa’s chief executive, told Reuters that Atijariwafa Bank has received many proposals from international Islamic financial institutions.
“We have got many proposals from international Islamic banks, but we are not really looking for a partner,” Kettani said.
Unlike Banque Centrale Populaire and BMCE Bank, which have opted for the creation of joint ventures with foreign Islamic banks, Atijariwafabank plans to create its own Islamic bank.
Kettani added that the company is willing to transform their Islamic subsidiary, Dar Assafaa, into a full-fledged participating bank with its own independent identity.



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