First Islamic bank opens in island

Century Banking Corporation (CBC), the first Islamic financial institution, licensed by the Bank of Mauritius, was officially inaugurated on Wednesday, in Port Louis, by the vice prime minister, minister of Finance Pravind Jugnauth. CBC is a strategic partnership between Qatari investors through Domasol Limited and British American Investment. It will focus on wholesale banking, treasury [...]

31 Mar 2011, The Independent Daily