A bridge has been created between the IFSB and Mauritius and we hope to be able to organize other seminars and workshops in future. We are confident that this will create the necessary synergies to enable Islamic finance to gather momentum in our part of the world.
Regulatory challenges for Islamic finance The ethical dimension of Islamic finance is an essential ingredient for its success. What matters even more to us in Mauritius is its smooth integration with the rest of the financial system. This hinges on a sound regulatory framework embedding best international practices. There is no denying that there are regulatory challenges facing the Islamic finance industry in Mauritius.