Mauritus to host Islamic finance week 15-18 April

Port-Louis, Mauritius - An Islamic finance week will hold 15-18 April in Port Louis, the Mauritian capital, the International Islamic Financial Services Ltd (IIFS) Chief Executive Officer, Najmul Hussein Rassool, said here Monday.

He said the event was aimed at providing the public with all information on local Islamic financial institutions.

"Islamic finance is developing gradually in Mauritius but many people still don't understand it," Rassool noted.

He claimed that Islamic finance "is just another way of making business based on some principles and parametres".

According to him, this financial system is based on trust, honour, sincerity, justice and fairness.

"If the Mauritian financial centre wishes to develop new products, there is a huge potential from Islamic finance on the whole," the CEO maintained.