Major Moroccan Banks, BMCE, BCP, Plan Islamic Offshoots – Sources [Reuters]

Morocco looks set to take advantage of a rising star in the world of finance, which could make a big impact in local investment: Two of Morocco’s biggest banks, BMCE (BMCE.CS) and BCP (BCP.CS) are preparing to launch Islamic subsidiaries as the Moroccan parliament discusses a bill regulating Islamic banks and sukuk issues, banking sources said. Parliament’s approval will be the last step before fully-fledged Islamic banks can be established ...