I look forward to continuing our regular dialogue with the new Committee in the next parliamentary term. 4  BIS Review 24/2004
2  BIS central bankers’ speeches  •  The banking legislation has been amended to enable banks to conduct Islamic banking business exclusively or through a window;  •  Fiscal reforms were brought in to eliminate tax disadvantages that would otherwise have materialised in the Islamic mode of finance;  •  We joined the IFSB to facilitate the rapid development of Islamic finance in the country;  •  In 2010 the Bank of Mauritius became one of the founder members with 11 other countries, the International Islamic Liquidity Management Corporation, a supranational body engaged in the issue of high-rated Islamic liquidity instruments;  •  We have also initiated work on the development of an Islamic Interbank Money Market that will provide a platform for interbank dealings and facilitate liquidity management for Islamic banking institutions.