Annual total Islamic banks profits in Morocco 2021-2023

Published by Statista Research Department, Dec 16, 2024

In 2023, the participatory banks in Morocco achieved a profit of 5.3 million Moroccan dirham, some 531,700 U.S. dollars. This marked a significant improvement from a loss of 129.3 million Moroccan dirham, nearly 13 million U.S. dollars, loss in 2022. In 2021, the Islamic financial institutions lost 206.8 million Moroccan dirham.

Annual total participatory banks profits in Morocco from 2021 to 2023 (in million Moroccan dirhams)

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Release date

August 2024

Region

Africa, Morocco

Survey time period

2021 to 2023

Supplementary notes

Participatory banks are also known as Islamic banks.

Data refers to the total profits of five participatory banks and three participatory windows active in Morocco.

Currency conversion rate as of December 9, 2024 was 1 USD = 9.97 MAD. 

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