Mauritius Launches Its First Islamic Bank

Mauritius’ first fully-fledged Islamic bank launched operations on Thursday, as the Indian Ocean island seeks to become a regional Islamic banking hub. Mauritius wants to tap into the roughly $1 trillion Islamic finance industry, and the central bank also plans to offer sharia-compliant short-term liquidity tools. Hesham Shokry, chairman of Century Bank said its first [...]

01 Apr 2011, MauritiusHot