Evolution of participatory finance in Morocco : What effect on economic growth?

Abstract

During the second half of the century, investments were directed towards activities that promoted economic growth while preserving social harmony. The financial crises that took place at the beginning of the nineteenth century demonstrated that the current financial system can be reconsidered. This questioning of the conventional system has led some operators and researchers to take an interest in Islamic finance. This form of financial participation is called participatory finance, it is a project that involves banks, insurance companies and the capital market. Bringing real opportunities for the growth of savings and investment, this project deserves a collaborative approach between institutions and other actors that would contribute to economic and social development and thus support the development of Morocco's strategies.

The aim of this article is to study the impact of the evolution of participatory finance on economic growth in Morocco.