Bank Assafa
100% Moroccan participatory subsidiary of Attijariwafa Bank, Bank Assafa is Morocco's leading participatory bank by mourabaha outstanding.
Products offered
- Real estate mourabaha
- Car mourabaha
- Equipment mourabaha
- Participatory deposit account
- Wakala bil istithmar
Key strengths
- Participatory market leader
- 60+ branch network
- 100% Moroccan
- Backed by banking leader
Geographic presence
Related free tools
About Bank Assafa
Bank Assafa is Morocco's leading participatory bank in terms of mourabaha outstanding. A 100% subsidiary of Attijariwafa Bank, it benefits from the strength and network of Morocco's banking leader while offering Sharia-compliant financial products validated by the Supreme Council of Ulema.
The bank offers real estate mourabaha with margins starting at 4.5%, car mourabaha, and participatory deposit accounts remunerated according to the profit-sharing principle. With over 60 branches across Morocco, Bank Assafa is the most accessible player in the participatory market.
Bank Assafa stands out for being entirely Moroccan (no foreign partner), making it a preferred choice for clients keen on supporting the national economy while respecting Islamic finance principles.
Customer reviews for Bank Assafa
Good welcome at the branch
Responsive customer service, an attentive advisor. Reasonable account-opening time. A few fees to watch, but overall satisfied.
Karim B. · March 2026
Smooth mobile app
The app works very well for transfers and balance checks. Very handy to manage your account without visiting the branch.
Fatima Z. · April 2026
Consumer loan granted quickly
File processed in 5 days, fair rate, professional advisor. I recommend it for permanent-contract employees.
Youssef R. · May 2026
Reviews aggregated from Google My Business, Trustpilot and wafir.ma — updated monthly
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Compare Bank Assafa with other participatory banks
Use our free tools to compare rates and conditions across the entire Moroccan market.
Frequently asked questions about Bank Assafa
How does Mourabaha work at Bank Assafa?+
Bank Assafa purchases the asset (real estate, car, equipment) then resells it to you on credit with a fixed transparent profit margin. No interest (riba), Sharia-compliant. Term 5-25 years depending on the asset.
Is Bank Assafa licensed as a participatory bank in Morocco?+
Yes, Bank Assafa is licensed by Bank Al-Maghrib as a participatory bank since inception, under the Higher Council of Ulemas (CSO) ruling. All contracts are certified Sharia-compliant by the compliance committee.
What products does Bank Assafa offer?+
Bank Assafa offers Mourabaha (real estate, auto, equipment), Ijara (leasing), Salam, and participatory accounts (no overdraft, no interest). View the full 2026 product list on wafir.ma.
Is Bank Assafa's Mourabaha more expensive than a conventional loan?+
The total cost of a Bank Assafa Mourabaha is comparable to a conventional loan (equivalent APR 4-6% depending on the asset). The difference: no interest, fixed transparent margin from signing, full Sharia compliance.
How do I open a Bank Assafa account?+
Visit a Bank Assafa branch with national ID, proof of address and initial deposit (MAD 200-500 depending on the account). Opening takes 15 minutes; you leave with your bank statement and a participatory bank card.