Morocco appears set to join the list of nations, such as Oman and Jordan, who have changed their tax laws to give preferential treatment to sukuk, or Shariah-compliant bonds.

Sukuk are becoming increasingly widespread and are on a trajectory to become a force in the world debt markets. Rich Islamists are already trying to insist on the use of sukuk over conventional bonds as a means of pushing their Shariah agenda around the globe…



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