Bank Al Yousr, a joint-venture of Banque Centrale Populaire (BCP), a Morocco-based bank engaged in the provision of financial products and services, and the Guidance Financial Group, a global firm specialized in the creation and development of Shariah-compliant investment products for institutional investors, as well as financial products that address the needs of millions of Islamic consumers, has started operating on Thursday in Casablanca, BCP announced today. The launch of this participative bank, whose head office is located in Casablanca, comes after obtaining its approval on the 20th of July 2017 to start operating based on the notices of compliance relating to the model of account agreement and the contract of Mourabaha Immobilière issued By the Shariah Committee of Participatory Finance, said the banking group in a statement. This universal bank, which intends to occupy a position of reference in the participative finance industry, proposes to progressively cover all the needs of its clients through a network of dedicated banking agencies.
