Moroccan government adopts Islamic finance law, seeks vote in parliament by Al Arabiya News
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The Moroccan adopted a new bill on Thursday that will regulate Islamic banks. There are currently waiting on Parliament to sign the bill into law. The new law will help bring in more Gulf Arab investment into the country. The money will help lower a huge budget deficit. The Moroccan Central Bank is starting to work with different Islamic banks to build good relations. Islamic banks will be called participative banks under the Moroccan legislation. Morocco looks forward to a time of prosperity and good wealth.
I am proud of the Moroccan Government for trying to straight out their economic issues. It is good that the central bank is trying to build strong relations with its lower bank branches. The Moroccan government is taking the stand on building up the economy. They care for their people and they don't want to see them suffering.
This ties into political life because the government is trying to pass the law. If the the bill is passed then the economy will start to get better. More jobs will be needed. More people will be working and making money. The bill will benefit the people greatly.
The Moroccan adopted a new bill on Thursday that will regulate Islamic banks. There are currently waiting on Parliament to sign the bill into law. The new law will help bring in more Gulf Arab investment into the country. The money will help lower a huge budget deficit. The Moroccan Central Bank is starting to work with different Islamic banks to build good relations. Islamic banks will be called participative banks under the Moroccan legislation. Morocco looks forward to a time of prosperity and good wealth.
I am proud of the Moroccan Government for trying to straight out their economic issues. It is good that the central bank is trying to build strong relations with its lower bank branches. The Moroccan government is taking the stand on building up the economy. They care for their people and they don't want to see them suffering.
This ties into political life because the government is trying to pass the law. If the the bill is passed then the economy will start to get better. More jobs will be needed. More people will be working and making money. The bill will benefit the people greatly.