To succeed in this mission the Bank required from the outset public friendship and support and public confidence” Indeed, as we well know, trust and confidence are the primordial qualities for a central bank:  16  Vishnu Lutchmeenaraidoo, Deputy Prime Minister, Minister of Finance from 1983 to 1991. 17  Pravind Jugnauth, Deputy Prime Minister and Minister of Finance from 2003 to 2005.
Despite having introduced landmark changes during 1980s including amendment in the Banking Companies Ordinance, enactment of Mudaraba Companies and Mudarabas (Floatation and Control) Ordinance etc, efforts for transformation of financial system to Shariah Compliant met with limited success only. This was primarily due to unavailability of adequate infrastructure and lack of trained human resources.