IsDBI and BMICE Back Islamic Window Indoor
Today’s article stated that the Islamic Development Bank Institute (IsDBI) and Bank Al-Maghrib for Investment and Foreign Trade (BMICE) have signed a grant agreement to support the establishment of an Islamic window within BMICE in the Maghreb region. This collaboration aims to enhance Islamic finance offerings and develop Sharia-compliant financial products and services, thereby expanding access to Islamic financial solutions in the region. The agreement will provide technical assistance to develop institutional and regulatory requirements, and build the necessary capacities for the effective operation of the window, with a focus on compliance with international standards and legal and regulatory requirements. This support is expected to contribute to strengthening the Maghreb Investment Center’s ability to meet the growing demand for Islamic finance, support sustainable development, and enable companies and entrepreneurs to access Sharia-compliant financial services, thereby boosting the regional Islamic finance ecosystem.
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