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Morocco: Country eyes first Islamic bank

last update: July 13, 17:54

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Rabat, 13 July (AKI) - Morocco is poised to get its first Islamic bank as officials hold talks with Pakistan's Faysal bank on opening a branch in the North African country, according to local press.

The Moroccan parliament is expected as early as in September to pass a bill modifying the country's banking laws which currently only allow traditional banks to operate.

Last week, Morocco's prime minister Abdel Ilah Benkirane and economy minister Idris al-Azmi met Faysal directors in Rabat

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