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Morocco adopts draft law regulating Islamic insurance
May 14, 2015 / 4:52 PM / 3 years ago

Morocco adopts draft law regulating Islamic insurance

RABAT, May 14 (Reuters) - Morocco’s government adopted a bill on Thursday to regulate Islamic insurance, legislation that will face a final vote by parliament later this year, a cabinet statement said.

It is the last step in Morocco’s legislation package to regulate the country’s fledgling Islamic finance industry. Earlier this year, it issued a decree allowing the creation of a sharia board to oversee the sector. (Reporting By Aziz El Yaakoubi; editing by Patrick Markey and Robin Pomeroy)

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