خبر من صحافة بلادي

Morocco and the UAE open new horizons for cooperation in Islamic finance

شارك الخبر:

Rabat –On September 28 and 29, 2026, the Bank of Morocco and the Central Bank of the United Arab Emirates organized the seventh session of the Central Sharia Bodies Forum, with the aim of enhancing coordination and exchange of experiences in the field of Islamic finance, with the participation of representatives from a number of countries, including Kuwait, Malaysia, Turkey, Nigeria and Uzbekistan.

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This forum, which was hosted by the United Arab Emirates, falls within the framework of the strategic partnership between the two institutions, which aims to keep pace with the legal, regulatory and legal developments taking place in the Islamic finance sector, and to enhance cooperation between the competent bodies.

The discussions focused on unifying Sharia standards and practices and bringing closer the regulatory frameworks adopted in various markets, thus contributing to raising the efficiency of the Islamic financial system and enhancing its ability to keep pace with economic and financial transformations.

The participants stressed the importance of intensifying consultation between the central Sharia bodies on emerging issues, and developing financial products and services that are compatible with the provisions of Islamic Sharia and capable of responding to the requirements of modern markets.

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The forum also witnessed the organization of specialized technical workshops that addressed the regulatory and legislative aspects of Islamic finance, in addition to the impact of technological developments on the financial sector, especially the tokenization of assets and stable currencies, and the associated legal and regulatory challenges.

The discussions also touched on applications of advanced financial technology and responsible innovation, and their role in developing Islamic financial services and products, in light of the rapid transformations taking place in the global financial system.

The forum concluded with a set of recommendations aimed at enhancing coordination, unifying visions, and expanding cooperation between relevant institutions and bodies, in a way that supports the sustainability and growth of Islamic finance at the regional and international levels.

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Source:My press

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