Trading
List of Islamic Banks in Mauritius
Published by Gbaf News
Posted on April 4, 2013
1 min read· Last updated: April 22, 2020
Key Takeaways
- Century Banking Corporation was the first full‑fledged Islamic bank licensed in Mauritius.
- The Bank of Mauritius also permits Islamic banking via a window model.
- Century Banking Corporation’s Islamic banking licence was revoked in 2020 due to regulatory breaches.
- Mauritius allows both standalone Islamic banks and Islamic windows under its Banking Act framework.
Frequently Asked Questions
What was the first Islamic bank in Mauritius?
Century Banking Corporation Ltd was the first full‑fledged Islamic bank licensed by the Bank of Mauritius, commencing operations in 2011.
Are there Islamic banking services besides full Islamic banks?
Yes, conventional banks in Mauritius may offer Islamic banking services via a window, as allowed by legislation.
Is Century Banking Corporation still operational?
No, its Islamic banking licence was revoked in August 2020 by the Bank of Mauritius due to non‑compliance with regulatory requirements.
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