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Guideline for Institutions Conducting Islamic Banking Business

4 February 2008, Bank of Mauritius
The Finance Act 2007, inter alia, brought in amendments to the Banking Act 2004 with a view to facilitating the introduction of Islamic Banking in Mauritius. 
In this context, the Bank is circulating draft “Guideline for Institutions Conducting Islamic Banking Business” (Guideline) for consultation.  
Comments and suggestions, if any, on the Guideline may be communicated to the Director-Supervision, Bank of Mauritius, or emailed at on or before 18 February 2008.  The Bank will thereafter finalise the Guideline in the light of feedback received, in consultation with the industry.