Financing granted by participatory banks increased, year on year, by 54.9% to nearly 17.56 billion dirhams (billion dirhams) in August 2021.
According to Bank Al-Maghrib (BAM), this financing is distributed over real estate (15.03 billion dirhams), consumption (1.1 billion dirhams), equipment (1.3 billion dirhams) and cash (31 million dirhams). ).
In a document on monetary statistics for the month of August 2021, BAM further notes that at the same time, the commitments of participating banks amounted to approximately 6.28 billion dirhams with banks and this, mainly in the form of refinancing through the product. “Wakala bil Istithmar” and sight deposits received from parent banks.
Checking and current accounts, meanwhile, climbed 42.8% to 4.67 billion dirhams, while investment deposits reached 1.45 billion dirhams.