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AfricaMoney | August 21, 2017

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Mauritius chosen to host Islamic Financial Service Board’s 11th summit

Mauritius chosen to host Islamic Financial Service Board’s 11th summit

The international standards-setting organization has turned for the first time to the African continent to host its premier event and Mauritius won the golden opportunity to be its partner for the 11th chapter of the forum. (Image:IFSB website)

A preferred destination for international business conferences due to its twin reputation as a financial hub and a tourist centre, Mauritius has yet again emerged as the chosen venue for another financial event of repute.

The 11th Annual Summit organized by the Islamic Financial Services Board (IFSB) will be hosted by the island nation from May 21-22, 2014.

The IFSB has turned for the first time to the African continent to host its premier event and Mauritius won the golden opportunity to be its partner for the 11th chapter of the forum.

The island economy could emerge as Africa’s hub for Islamic finance, which is already present in Maghreb, Sudan, Nigeria, Kenya, Uganda and Southern Africa.

The summit, spread across two days, will be organized by the Bank of Mauritius (BOM).

The IFSB is an international standard-setting organization which aims to promote and enhance the security and stability of the Islamic financial services industry. The organization is responsible in carrying out research and managing initiatives on industry issues. Besides, the IFSB organizes roundtables, seminars and conferences for regulators and industry stakeholders.

This annual event will be organized with the aim of having chairpersons and speakers from international group and getting the attention of participants from different countries who are from the financial services industry.

Together with the Bank of Mauritius, the board of IFSB signed a memorandum of understanding which shows their cooperation and commitment to make this annual chapter a resounding success.

Since 2007, the Bank of Mauritius collaborated with the IFSB and it is considered to be a full and council member of the IFSB.

Key players of the Islamic financial services industry – in particular members of the IFSB from regulatory and supervisory authorities, international inter-governmental organizations, thought leaders and market players – have participated at preceding summits.

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