Islamic finance in Morocco: Right tool to meet economic challenges? – J. AbiNader

MATIC, by Jean R. AbiNader (Washington, DC, Feb. 28, 2013) — While no one is claiming that Islamic finance will change the business face of Morocco, experience elsewhere indicates that it can generate important vehicles for improving access to financing resources. To the uninitiated, Islamic finance is based on two key principles, the prohibition of interest (riba) on the use of money, and conformity with other principles of Sharia law ...