Bank Assafa risk score

Bank Assafa, established in Morocco, distinguishes itself as a pioneer in participatory banking within the region. The bank specializes in offering a comprehensive suite of Islamic banking solutions that adhere strictly to the principles of Sharia law. These services encompass daily banking operations such as account management, transfers, and payment methods including cards and checks. Additionally, Bank Assafa provides financing through Murabaha for properties and vehicles, tailoring financial solutions that align with ethical finance norms.

By the end of 2018, Bank Assafa's assets reached an impressive 3.2 billion Dirhams, with customer deposits nearing 900 million Dirhams and financing exceeding 2.4 billion Dirhams. This financial growth is supported by a continually expanding client base, which includes more than 37,000 bank accounts.

Bank Assafa's network is the largest for participatory bank agencies in Morocco, boasting 37 branches across 20 cities alongside two mobile agencies and a digital branch. This extensive reach underscores its commitment to providing accessible, reliable banking services across the nation.

The institution has been recognized for its excellence and leadership in the Islamic banking sector, having been named the Best Participatory Bank in Morocco twice by Islamic Finance News. Furthermore, since 2016, the bank's president has been featured in the Islamiq500, a prestigious list that honors the most influential figures in the global Islamic economy.

Bank Assafa's commitment to ethical, comprehensive, and innovative banking solutions not only makes it a leader in participatory banking in Morocco but also sets a standard in the advancement of Islamic finance. As it continues to grow and evolve, Bank Assafa remains dedicated to maintaining the highest levels of service and integrity, ensuring that it meets the financial needs of its clientele in accordance with Islamic principles.