From Reuters: Mauritius’s first Islamic bank will be operational by the end of the first quarter of 2011, the central bank governor said on Thursday. The palm-fringed island’s growing offshore financial sector pitches itself as a financial platform bridging Africa, the Indian sub-continent and Asia.
Mauritius is seeking to tap into the $1 trillion Islamic finance industry, and the central bank also plans to offer sharia-compliant short-term liquidity tools……………………………………….Full Article: Source