Morocco, UAE Set to Strengthen Cooperation in Participatory Finance
Bank Al-Maghrib (BAM) and the Supreme Council of Ulema held meetings, on June 1-5 in Rabat, with the Higher Shari'ah Authority of the Central Bank of the United Arab Emirates.
The aim of these meetings is to broaden the areas of cooperation between the Higher Shari'ah Authority and the Sharia Committee for Participatory Finance of the Supreme Council of Ulema, according to a BAM statement.
In this regard, several meetings were held to discuss developments and challenges facing participatory finance, as well as to exchange experiences and ways of promoting the participatory finance industry in both countries.
A meeting was also held between the UAE Higher Shari'ah Authority and the Moroccan Capital Market Authority, as well as the Insurance and Social Security Supervisory Authority.
This visit is an opportunity to strengthen cooperation and develop joint action between the above-mentioned institutions in the field of participatory finance in Morocco and the United Arab Emirates, the statement concluded.