Morocco plans second Sukuk issuance since 2018, Central Bank says

Morocco plans second Sukuk issuance since 2018, Central Bank says

Morocco is preparing its second Islamic bond (sukuk) issuance since 2018, Central Bank Governor Abdellatif Jouahri said on Thursday. The bank and finance ministry are finalizing technical details, though the amount remains undisclosed. The Higher Council of Ulema will ensure sharia compliance. Morocco’s first sukuk in 2018 raised 1 billion dirhams ($110 million). The country allowed Islamic finance in 2017 to boost liquidity and attract foreign investment. 

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