ضمان الودائع في البنوك التشاركية

Abstract EN

The banking law introduced the deposit guarantee system with the aim of protecting depositors in the event of losses arising from the inability of one of the institutions involved to return deposits or other returnable funds.

This protection takes the form of compensating depositors, whether natural or legal persons, by paying for their interest deposits and other refundable funds within the maximum amount of compensation specified by the Bank of Morocco.

Under banking law, traditional and participatory banks must engage in the deposit guarantee system.

The system is subject to the requirements of banking law as well as the patrols and decisions issued by the Bank of Morocco.

It should be noted that the deposit guarantee system is an integral part of the financial safety net system, which aims to maintain the stability of the banking sector.

The deposit guarantee system is funded through annual contributions paid by engaged credit institutions calculated on the basis of a fixed contribution ratio.

Currently, the ratio is 0.20%, and applies to the monthly rate of guaranteed deposits.

The amounts of combined contributions are used to compensate depositors in the event that an engaged credit institution is unable to return deposits or, if necessary, provide financial assistance to the participating credit institutions that are in financial difficulty.

It should be noted that the deposit guarantee system does not receive any support or grants from the State.