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Major Moroccan banks, BMCE, BCP, plan Islamic offshoots

Two of Morocco's biggest banks, BMCE and BCP are preparing to launch Islamic subsidiaries as the Moroccan parliament discusses a bill regulating Islamic banks and sukuk issues, banking sources said. Parliament's approval will be the last step before fully-fledged Islamic banks can be established in Morocco, whether they are subsidiaries…

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Click here to read the full story: Reuters

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