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- Century Banking Corporation’s Islamic banking licence was revoked in 2020 due to regulatory breaches.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No, its Islamic banking licence was revoked in August 2020 by the Bank of Mauritius due to non‑compliance with regulatory requirements.
Tags
Related Articles
The Hidden Mechanics of Trading: What Really Drives Market Decisions
The Invisible Force Behind Every Great Trader: Why Curiosity May Matter More Than Strategy
The Invisible Edge: Why Trading Outcomes Are Shaped Beyond the Chart
The Invisible Current: What Really Moves Trades Before They Happen
The Quiet Forces of Trading: What Moves Markets When No One Is Looking
More from Trading
Explore more articles in the Trading category
The Strange Truth About Trading That Most People Discover Too Late
The Unseen Flow: Why Trading Is Driven by Forces You Don’t Track
Why Do Traders Keep Watching the Market Even When They’re Not Trading?
Why Do Some Traders Stay Calm While Others Panic? The Hidden Psychology Behind Market Decisions
Trading Sphere: Structuring a Modern Approach to Online Trading
The Trading Threshold: The Point Where Skill Stops Helping and Discipline Takes Over
Why Traders Often Miss the Obvious—Until It’s Too Late
The Trading Threshold: The Point Where Skill Stops Helping and Discipline Takes Over
The Trading Paradox: Why Doing Less Often Leads to Better Results
The Trading Blind Spot: Why What You Don’t Notice Often Matters Most
The Risk That Doesn’t Look Like Risk
The Market Mirror: What Trading Reveals About Decision-Making Under Pressure