IslamicFinance.de

The statement of Iqbal Belath, Deputy Governor, Bank of Mauritius, points out the fact that the bank has already given licences to two banks to launch Islamic banking services. The statement was given at the International Conference on Islamic Banking and Finance organised by AlHuda Centre of Islamic Banking and Economics Pakistan in Mauritius.
The prpose of organising the conference was to promote Islamic banking in Mauritius and other African countries.

The Bank of Mauritius intends to develop a structure that will deal with commodity markets.The Bank is confident that this new form of banking will help to strengthen the country’s financial sector by tapping into the Gulf financial markets, said BOM Governor, Rundheersing Bheenick. Our aim is to become a full fledged member of the Islamic Financial Services Board and be in a position to tap into the immense financial potential it offers.