Rabat – The law is the latest step in the development of Islamic finance in Morocco.

Sharia insurance, known as Takaful, is a growing industry in the Middle East, North Africa, and beyond. Over the past"...

The upper house of Morocco's Parliament on Tuesday approved a law governing Sharia-compliant insurance, known as takaful, which is expected to give a much-needed boost to Islamic finance in the country.

Insurance"...

Rabat – Minister of Religious Endowments and Islamic Affairs, Ahmed Toufiq, said the ministry plans to freeze its investments in mosques, new administrative institutions, and Quranic schools in order to address the problem of closed mosques.

During"...