Volume 19, Issue 1, November 2015, Pages 156–163
Bouchra RADI1 and Imane BARI2
1 Depart. : Sciences and Techniques of management, Lab. : Finance, audit and Entrepreneurship, Ecole Nationale de Commerce et de Gestion, Ibn Zohr University, Agadir, Morocco
2 Depart. : Sciences and Techniques of management, Lab. : Finance, audit and Entrepreneurship, Ecole Nationale de Commerce et de Gestion, Ibn Zohr University, Agadir, Morocco
Original language: English
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The three financial techniques known under « Ijara », Murabaha » and « Musharaka » were introduced to Morocco in 2007 in the context of an international convergence towards Islamic finance. However, the integration of such techniques in traditionally-oriented Moroccan banks is facing various challenges. Marketing these products has proved to be limited. The present article targets the description of the so far adopted financial techniques and the analysis of the challenges they face, especially in terms of marketing. It also targets the provision of suggestions about their development through the synthesis of available studies as well as through a series of opinions given by bank managers, advisers and specialists in the realm of Islamic finance.
Author Keywords: Moucharaka, Mourabaha, Ijara, financial crisis, alternative products.
Bouchra RADI1 and Imane BARI2
1 Depart. : Sciences and Techniques of management, Lab. : Finance, audit and Entrepreneurship, Ecole Nationale de Commerce et de Gestion, Ibn Zohr University, Agadir, Morocco
2 Depart. : Sciences and Techniques of management, Lab. : Finance, audit and Entrepreneurship, Ecole Nationale de Commerce et de Gestion, Ibn Zohr University, Agadir, Morocco
Original language: English
Copyright © 2015 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The three financial techniques known under « Ijara », Murabaha » and « Musharaka » were introduced to Morocco in 2007 in the context of an international convergence towards Islamic finance. However, the integration of such techniques in traditionally-oriented Moroccan banks is facing various challenges. Marketing these products has proved to be limited. The present article targets the description of the so far adopted financial techniques and the analysis of the challenges they face, especially in terms of marketing. It also targets the provision of suggestions about their development through the synthesis of available studies as well as through a series of opinions given by bank managers, advisers and specialists in the realm of Islamic finance.
Author Keywords: Moucharaka, Mourabaha, Ijara, financial crisis, alternative products.
How to Cite this Article
Bouchra RADI and Imane BARI, “Challenges and Prospects for the Development of Alternative products in Morocco,” International Journal of Innovation and Scientific Research, vol. 19, no. 1, pp. 156–163, November 2015.
