Dar Assafaa First Islamic Bank in Morocco ~ Microfinance Loans

Dar Assafaa First Islamic Bank in Morocco

Posted on Thursday 17 February 2011 by Anonymous 4 Comments

"Dar Assafaa" is First Islamic financial Institution in Morocco, The Governor of Bank Al-Maghrib approved Dar Assafaa on 13 May 2010 as islamic finance company specialising in the marketing of islamic finance.

"Dar Assafaa" is a subsidiary of Attijariwafa Bank, capitalised at MAD 50 million ($5.7 million).
The Under the brand "Dar Assafaa" , the company will market a range of Shari'ah-compliant financing, referred to as ‘alternative’ . The first four products, available through a network of nine branches, are based on Murabaha contracts and include:

- Safaa Immo: to finance real estate projects
- Safaa Auto: vehicle finance
- Safaa Cons: for the purchase of products and services
- Safaa Tajhiz: to equip your home

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4 comments

Anonymous

5 May 2011 at 22:08

On the site of Dar Assafa the following is stated in de FAQ :

Est-ce que Dar Assafaa a eu recours à des Oulémas ou d’autres experts de la finance islamique pour certifier son modèle ?

Non, ce type de certification n’existe pas dans la réglementation bancaire marocaine.
Anonymous

19 November 2011 at 21:57

please how could we get the adress of this islamic bank
Anonymous

6 December 2011 at 19:27

Comment on peut trouver l'adresse d'ar assafa
Repont le plus plutot possible
Merci
OmAr.
Microfinance Loans

6 December 2011 at 21:00

Hi Omar
Dar Essafae Website: http://www.darassafaa.com/