IFAAS partners with Thomson Reuters in the newly published report – Morocco Islamic Finance 2014: Unlocking the Kingdom’s Potential

IFAAS partners with Thomson Reuters in the newly published report –Morocco Islamic Finance 2014: Unlocking the Kingdom’s Potential

IFAAS, the international consultancy specialising in Islamic finance, today announced that it had acted as the Survey Executive Partner on a new report by Thompson Reuters, the global news and information provider. The report – Morocco Islamic Finance 2014: Unlocking the Kingdom’s Potential –provides a comprehensive appraisal of the opportunities for Islamic financial services in Morocco.  The retail element of the report is underpinned by a comprehensive research study conducted by IFAAS: Islamic Finance in Morocco – sizing the retail market.

 The IFAAS survey was the first-ever independent market research into Islamic finance conducted in Morocco, and was supported by a rigorous scientific research methodology. Using a representative sample of the Moroccan population across the major regions of the Kingdom, it meticulously evaluated the demand for Islamic retail banking, finance and insurance. The findings of the survey provided a detailed insight to Moroccan consumer behaviour and attitudes towards Islamic finance. The new report joins IFAAS’ extensive database of ground-breaking reports that highlight the burgeoning potential for Islamic finance in markets across the world.

 Farrukh Raza, Managing Director, IFAAS said: “IFAAS has long recognised Morocco’s potential with regards to Islamic finance. As with all of our surveys, Islamic Finance in Morocco – sizing the retail market was designed toprovide the decision makers with consumer insight and all relevant data needed to develop a retail offering in the country.  We are proud that the information provided by our research has not only put us at the forefront of the promising Islamic finance market in Morocco, but also formed the foundation of the Thomson Reuters report on the country.”

 Dr. Sayd Farook, Global Head Islamic Capital Markets, Thomson Reuters, said: ““The Morocco retail consumer survey conducted by IFAAS reveals a 98% demand for Islamic financial products in the largely untapped market of over 30 million Muslims. Morocco has no standalone Islamic financial institution, and this presents a substantial opportunity for investors and financial institutions. Through the data provided by IFAAS, we were able to gain an authentic pulse of the market, and a true reflection of perceptions of Islamic finance in Morocco today.”

 Morocco Islamic Finance 2014: Unlocking the Kingdom’s Potential is written and produced by Thomson Reuters, Islamic Research and Training Institute (IRTI), and the General Council for Islamic Banks and Financial Institutions (CIBAFI). The report provides substantive due diligence on the opportunities for Islamic financial services in Morocco. To download a free copy of the report, please go to: http://www.zawya.com/landinglead/morocco/

 Ground breaking market reports are just one of the key services that IFAAS offers to its international client base. Other services offered by the specialist consultancy include Shariah compliance and audit, regulatory reviews, product development, executive training and feasibility studies to evaluate the potential of launching new Islamic financial institutions and products. The company operates from offices in the UK, France and Bahrain. More details are available at www.ifaas.com/fr.

 Ends

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