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IF @NA: current developments and prospects in times of [digital] change

From February 18, 2021 until November 30, 2021Check dates and times for each conference.
ONLINE
Casa Árabe’s YouTube channel Check dates and times for each conference.
In English, with no translation.

Within the framework of the SCIEF-Casa Árabe Observatory on Islamic Finance in Spain, we are offering this series of conferences throughout 2021, which will analyse the current evolution and prospects of Islamic finance in times of (digital) change. Consult the calendar of sessions.

The Roundtable Discussion Series brings together experts from the academic and corporate world to discuss the recent and current developments taking place in Islamic finance in a series of countries from the North Africa and the Mediterranean region, where, despite some decades of relatively slow growth, new regulations and policies are producing an awakening of the industry in the last ten years. They are joined as well by the members of the Observatory of Islamic Finance in Spain, external guests from the government, media, and academia to analyze the impact and implications of those transformations and their prospects.

For every country case, the roundtable discussions attempt to analyze recent and current transformations taken place at the governmental and corporate level to promote the industry, focusing on the political economy of IF in every country. They also evaluate the potential for the development of the industry in each case, looking at the different social and economic factors affecting the supply and demand for Islamic finance products, and their economic and financial challenges.

The series, organized in the framework of the SCIEF-Casa Árabe Observatory of Islamic Finance in Spain, count on the collaboration of Cresppa-GTM (CNRS) and Durham Centre for Islamic Economics and Finance. They are coordinated by: Mehmet Asutay (Durham University), Olivia Orozco (Casa Árabe), Gonzalo Rodríguez (SCIEF), Fatiha Talahite (CNRS).
IF @NA: current developments and prospects in times of [digital] change
  • IF @NA2: Participative banking institutions and financial inclusion in Morocco 

    May 27, 202111:30 a.m. Madrid time, UTC+2
    ONLINE
    Casa Árabe’s YouTube channel. 11:30 a.m. Madrid time, UTC+2
    In English.
    On Thursday 27 May we offer the second session of the Islamic Finance series, which on this occasion analyses the situation of participative banking in Morocco. It will be live on our YouTube channel.
    Islamic or “participative banking”, as it is known in Morocco, has developed only very recently, in comparison with other places in MENA. It was only in 2017, when the Central Bank of Morocco (Bank Al-Maghrib) granted the first licenses for five banks to start operating with participative financial products in the country and the establishment of three Islamic windows (branches of conventional banks offering Sharia-compliant banking services). Since then, further regulations have been implemented and it is expected that the operation of Takaful services (Sharia-compliant insurance services) will be finally allowed soon, which will contribute to the consolidation of the industry.

    These years have also witnessed an increase in bancarization rates, those percentage of population with a bank account or having access to the banking services, which implies an improvement of financial inclusion in the country, that surely responds, at least partly, to the introduction of Islamic banking in the country.

    In the current context, “participative finance” represents an important opportunity for increasing this financial inclusion and contributing to the development of the Moroccan economy.

    Organized by Casa Árabe and SCIEF in the framework of its Observatory of Islamic Finance in Spain, and in collaboration with the research group Cresppa-GTM (CNRS) and Durham Centre for Islamic Economics and Finance, the roundtable aims to bring onboard diverse industry experts and players, including bankers and legal practitioners, to share their views and opinions on the Islamic Banking and Finance industry development in Morocco.

    It will count with the participation of Abderrahmane Lahlou, President of the Academy of Participative Finance (APAF); M. Wail Aaminou, Chair of Al-Maali Group, and Dalal Aassouli,  Associated Professor and Coordinator of the MSc in Islamic Finance at HBKU. Being moderated by Gonzalo Rodríguez, SCIEF General Coordinator, it will count as well with a first reaction by Mehmet Asutay, director of the Durham Centre for Islamic Economics and Finance.

    The roundtable it is part of the Roundtable Discussion Series, IF @NA: current developments and prospects in times of [digital] change, dedicated to analyze the state and evolution of Islamic Finance in the north of Africa.