First Islamic current account in France
A branch of Banque Populaire du Maroc offers French retail customers Islamic current accounts. More details on their website: http://www.chaabibank.fr/Harmonis/Harmonis.html
Banque Populaire du Maroc aims to convert 10 % of their 300.000 clients to the new account type. Further the bank plans to offer short term Islamic mortgages (4-5 years) towards end of the year and long term mortgages next year, reported AFP on 20 June.
Banque Populaire du Maroc has a pan European strategy aiming for 40 branches throughout Europe it was announced during the opening in 2009 in the Netherlands.