Maghreb Bank Advances Islamic Finance

The Maghreb Bank for Investment and External Trade announced a plan to establish a specialized Islamic finance window, aimed at supporting trade and investment in the Maghreb countries, especially Tunisia. The project includes developing the legal and regulatory framework, designing financial products such as Murabaha, Ijarah, and Musharaka, and training staff, with a grant of approximately $235,000 from the Islamic Development Bank Institute. The goal is to offer Sharia-compliant financial services to promote financial inclusion in the region, with an initial pilot phase and subsequent expansion planned after establishing the necessary infrastructure and regulatory environment.

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