Morocco, strong demand, limited offers

Dar Assafaa a branch of Attijariwafa Bank is currently the sole Islamic finance provider in Morocco, despite strong local deman of about 94 % as stated by a study of Islamic Finance Advisory & Assurance Services (IFAAS) in 2012. In 2010 VAT tax regulation has been amended to allow for Murabaha offers. Still dedicated Islamic banking regulation is seen as pre-requisite to offer.