QIIB Gets Approval To Open Islamic Bank In Morocco

January 05, 2017

Qatar International Islamic Bank (QIIB) has announced the acceptance by Bank Al Maghreib, Morocco, of QIIB’s submission for the establishment of a bank in the Kingdom of Morocco with a partnership of CIH Bank S.A. (Crédit Immobilier et Hôtelier), a Moroccan bank.

QIIB currently is working with CIH bank to satisfy the relevant requirements and regulatory approvals of authorities in the State of Qatar and the Kingdom of Morocco.