The Rise of Participatory Finance in Morocco: Achievements, Challenges and Future Prospects

This paper explores Islamic finance, examining its origins and development, while focusing on its specific applications in Morocco and Malaysia. Islamic finance is recognized as an ethical finance that follows strict values to avoid prohibited practices, promoting a balance between personal and public interests, as well as fairness, transparency and sincerity. These principles are crucial to the integrity of this funding system. The study includes a comparative analysis of the development of Islamic finance in Morocco compared to that of Malaysia, highlighting the prospects and the main challenges of this sector in these two countries. This comparison enriches the understanding of the adaptations needed to effectively integrate Islamic finance in different economic and cultural contexts.