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Bank Al-Maghrib and Central Bank of the UAE Sign MoUs on Financial Cooperation

1 report, 1 independent Updated Oct 5
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What happened

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Bank Al-Maghrib and the Central Bank of the United Arab Emirates signed two memoranda of understanding (MoUs) on October 3, 2026, at the CBUAE headquarters in Abu Dhabi. The agreements aim to expand financial cooperation in areas including banking supervision, Islamic finance, and payment systems. Under the pacts, the central banks agreed to strengthen cooperation on regulatory matters, share supervisory information, and coordinate on shared practices.

From moroccoworldnews.com

Why it matters

Some supportBrind's analysis of the reports

The MoUs establish frameworks for cooperation on cross-border financial matters between Morocco and the UAE. This includes coordinating on Shariah governance bodies to develop cross-border Shariah-compliant financing and exploring the interlinking of instant payment platforms.

From moroccoworldnews.com

Who's involved

  • Bank Al-MaghribCentral bank of Morocco, involved in bilateral agreements on financial cooperation.

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The entities involved

Coverage

Newest first; wire copies grouped