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Bloomberg Quint

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Image Credit: Bloomberg Quint

Morocco Mulls First Islamic Bond In Years, Says Monetary Chief

  • Morocco is considering issuing Islamic bonds in 2025 after a seven-year break, with a focus on funding for the men’s football World Cup in 2030.
  • The central bank governor mentioned that the government is studying a new sukuk before the end of the year, without specifying the currency.
  • Morocco last sold Islamic debt in 2018; recent issuances include conventional bonds in euros and dollars, with a yield around 4.7%.
  • The country aims to boost its Islamic finance sector, highlighting challenges like lack of liquidity and lengthy product licensing procedures.

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