Participatory finance in Morocco: history, evolution and comparison of the cost of its products with those of traditional finance

Authors

  • Ouafae MEHDAOUI LURIGOR Faculté des Sciences Juridiques, Economiques et Sociales Université Med Premier, Oujda, Maroc Author
  • Elkebir ELAKRY LURIGOR Faculté des Sciences Juridiques, Economiques et Sociales Université Med Premier, Oujda, Maroc Author

DOI:

https://doi.org/10.5281/zenodo.19315578

Keywords:

participatory finance, participatory banks, Murbaha, comparative study.

Abstract

Islamic finance has existed in Morocco since 2007, but its real launch occurred in 2017, following the authorization of participatory banks to operate in the Moroccan financial market. Since then, this new industry has experienced remarkable growth, and participatory products, particularly the Murbaha product, have become increasingly competitive.

This article serves two purposes: firstly, it provides a brief overview of participatory finance in Morocco and its evolution since 2017; and secondly, it conducts a comparative study of the cost of participatory products and their conventional counterparts.

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Published

2026-03-26

Issue

Vol. 3 No. 1 (2026)

Section

Articles

License

Copyright (c) 2026 MANAGEMENT CONTROL, AUDITING AND FINANCE REVIEW (MCAFR)

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

https://creativecommons.org/licenses/by-nc/4.0/

How to Cite

MEHDAOUI, O., & ELAKRY, E. (2026). Participatory finance in Morocco: history, evolution and comparison of the cost of its products with those of traditional finance. MANAGEMENT CONTROL, AUDITING AND FINANCE REVIEW (MCAFR), 3(1), 87-115. https://doi.org/10.5281/zenodo.19315578