Participatory Banks
Licensed by Bank Al-Maghrib under Law 103.12, these banks offer Sharia-compliant products including Murabaha, Ijara, Musharaka, and Salam.
Bank Assafa
Attijariwafa Bank
Umnia Bank
CIH Bank & Qatar Islamic Bank
Bank Al Yousr
Banque Populaire
Bank Al Karam
Bank of Africa (BMCE)
Al Akhdar Bank
Credit Agricole du Maroc
Dar Al Amane
Saham Bank (ex-Societe Generale)
Arreda
Credit du Maroc
Najmah
BMCI (BNP Paribas)
Takaful Insurance Companies
Licensed Takaful (Islamic insurance) operators in Morocco since 2021, supervised by ACAPS and validated by the Supreme Scientific Council. Total Takaful premiums reached 94.9M MAD in 2024 (+44%).
Wafa Takaful
Wafa Assurance (Attijariwafa Bank Group)
Distributes through: Bank Assafa
Products: Murabaha coverage (death & disability), multi-risk property, savings & retirement, family protection
Takafulia Assurances
Holmarcom / AtlantaSanad Assurance
Distributes through: Umnia Bank
Products: Family Takaful (death, investment), multi-risk property insurance
Taawouniyate Taamine Takafuli
MCMA (MAMDA-MCMA) & Banque Populaire
Distributes through: Bank Al Yousr
Products: Financing coverage (death/disability), multi-risk property, savings Takaful
Al Maghribia Takaful
La Marocaine Vie (Saham Bank Group)
Distributes through: Dar Al Amane
Products: Murabaha coverage, multi-risk property, investment Takaful, Hajj & Umrah (planned)