Facts checked on October 18, 2026
Mortgages for MRE: up to 80% in dirhams
In its 2026 exchange rules, the Office des Changes raised the cap on dirham home loans to MRE from 70% to 80% of the value.
The cap applies to any property purchase in Morocco, with no limit on the number of homes financed. The bank still makes its own credit decision.
Can foreigners get a mortgage in Morocco
The exchange rules also cover dirham loans to non-residents. We found no official fixed percentage for foreigners who are not MRE.
Expect a case-by-case decision, with each bank setting its own rules on income, deposit and term. Most banks in the Netherlands do not finance property abroad.
What Moroccan banks look for
Banks accept a property with a titre foncier as security. A melkia, an adoul deed that is not registered with the land registry, is generally not accepted.
Send your own contribution in foreign currency through the bank and keep the proof. This lets you transfer the investment and any gain abroad later.
- Proof of income from your country of residence
- A titled property with a clean certificat de propriété
- A bank transfer of your deposit in foreign currency
- Term, age limit and maximum repayment ratio set by each bank
Islamic mortgage in Morocco: participative banks
Participative banks have operated in Morocco since 2017 under Law 103-12. Bank Al-Maghrib supervises them and the Conseil supérieur des Oulémas checks Sharia compliance.
For homes, Mourabaha and Ijara are the relevant products. With Ijara you lease the property from the bank, and ownership can pass to you at the end under a new contract.
Participative banks such as Umnia Bank and Bank Assafa have offered home Mourabaha for several years. They are named as examples of the type of lender, not as a recommendation.
How Mourabaha works for a home
The bank buys the property and sells it to you at its cost plus a margin agreed in advance. You repay in monthly instalments.
After signing, the home is registered in your name at the Conservation foncière. The bank holds a mortgage on it until you have paid in full. Compare the total cost with a conventional loan, as the margin can be higher than interest.
Ask the notary to explain what happens on early repayment or late payment. Your contract sets this, and terms differ between banks.
Buying in Morocco without interest
Besides Mourabaha, there are other interest-free routes. None suits everyone, so weigh them carefully.
- Paying with funds from a foreign account, transferred through the bank; under the 2026 Finance Law an extra 2% applies to parts of the price paid in untraceable cash
- Staged payments to the developer when buying off-plan (VEFA), following the legal construction stages
- The Daam Sakane direct housing aid for Moroccan nationals, which can also be combined with a Mourabaha contract
A sensible next step
In my conversations I always start with how you plan to pay, before we look at any home. Ask two or three banks for a written offer and have the notary review the contract.
This is general information, not financial or legal advice. Check your own situation with a notary or adviser.
Frequently asked questions
Can a foreigner get a mortgage in Morocco?
Moroccan exchange rules allow dirham loans to non-residents, but there is no official fixed percentage for foreigners who are not MRE. Each bank decides on its own terms.
How much can MRE borrow for a property in Morocco?
Since 1 January 2026, up to 80% of the property value in dirhams, with no limit on the number of homes financed. The bank still assesses your income and file.
Is there Islamic home financing in Morocco?
Yes. Participative banks supervised by Bank Al-Maghrib offer Mourabaha and Ijara. With Mourabaha the bank buys the home and resells it to you at a fixed margin.
Can I buy property in Morocco without paying interest?
Yes, by paying with your own funds, through staged payments to a developer for an off-plan home, or with Mourabaha. With Mourabaha, compare the total price against a conventional loan.
