![FILE PHOTO: Moroccan dirhams and U.S. dollar notes are pictured in a photo illustration in Casablanca, Morocco, June 29, 2017. REUTERS/Youssef Boudlal/Illustration/File Photo](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/O5SNPUHT7MK4IHRZONLGQJV7EA.jpg?smart=true&auth=bacaf288b1cd014ed6ebbff23f96b9fa97db1859b077207867ed37b7a3e22a49&width=400&height=225)
Insurance companies will soon be able to launch Takaful subsidiaries. Youssef Boudlal/Reuters
Insurance companies will soon be able to launch Takaful subsidiaries. Youssef Boudlal/Reuters
Morocco approves law on Sharia-compliant insurance
Morocco allowed five Islamic banks and three windows to offer Sharia-compliant banking services in the country since early 2017