BCP suspends marketing Islamic products in Morocco | Islamic Finance | CPI Financial

BCP suspends marketing Islamic products in Morocco | Islamic Finance | CPI Financial

According to the latest statistics from Bank Al-Maghrib, Islamic financing totalled MAD 744 million ($89.3 million) at the end of July, down 15 per cent since the beginning of the year. La Vie Eco quotes Laidi El Wardi, Deputy General Manager of Banque Centrale Populaire (BCP) as saying the bank’s move to suspend marketing Shari’ah-compliant products, "...is in response to technical problems at the marketing of our solutions."