Wednesday, May 6, 2009

Mauritius launches first Islamic banking window: African Manager

The Hong-Kong and Shanghai Bank (HSBC) Ltd. launc hed Tuesday the first Islamic banking services window in the island, PANA learnt from banking sources.

"Today is a historic date as we launch HSBC Amanah islamic banking services that respond to the principles of the Sharia," Sandeep Uppal, CEO of the bank said.

Uppal emphasised that the new service is being offered to global business client s "as there are many opportunities in the offshore sector."

Uppal estimated that Mauritius can offer value to eventual clients in the Middle -East.

For more on this article, please click on the following link: Mauritius launches first Islamic banking window: African Manager

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