Legal Framework For Shariah Compliance of Moroccan Islamic Banks

The study aims at verifying the extent of Islamic sovereign Sukuk’s ability to achieve economic stability through financing the public budget. The study is based on the hypothesis that there is a relationship between sovereign Islamic Sukuk and reducing economic problems. The study used the descriptive approach in which, the study discussed the components of the public budget and studying its effect on economic problems. The study showed that the use of Sukuk in savings mobilization to finance the public budget deficit could influence two important factors; the first is on the amount of money in circulation, the second is on the Economic Phenomena. The study concluded that the use of sukuk in the savings mobilization to finance the public budget affects the amount of money in circulation, and the Economic Phenomena.The study recommends the use of Sukuk Al- Musharakah in times when the economy is in need to the expansion of the amount of money in circulation,