Banque Populaire du Maroc

First Islamic current account in France

A branch of Banque Populaire du Maroc offers French retail customers Islamic current accounts. More details on their website: http://www.chaabibank.fr/Harmonis/Harmonis.html

Source: http://www.al-kanz.org/2011/06/17/chaabi-bank-agence/

Banque Populaire du Maroc aims to convert 10 % of their 300.000 clients to the new account type. Further the bank plans to offer short term Islamic mortgages (4-5 years) towards end of the year and long term mortgages next year, reported AFP on 20 June.

Source: http://www.google.com/hostednews/afp/article/ALeqM5iX5kUdQ-c0SLwTFkJfm6x...

Banque Populaire du Maroc has a pan European strategy aiming for 40 branches throughout Europe it was announced during the opening in 2009 in the Netherlands.

Source: http://www.iamsterdam.com/en/business/news2009/december/banque-chaabi

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