Central Bank of Mauritania planning Islamic Treasury Bills

Source: CPI Financial

Mauritania is working to develop an Islamic interbank market. Several Islamic banks are already being established. The Central Bank of Mauritania (BCM) recently completed a study on the potential development of a local Shari’ah-compliant securities market.

BCM conducted this study with the technical support and expertise of IFAAS (Islamic Finance Advisory & Assurance Services – http://www.ifaas.com), an international advisory firm specialised in Islamic Finance. The report produced by IFAAS examines the current and evolving economic, financial and regulatory landscape of Mauritania and assesses the potential for BCM to issue Islamic securities including Shari’ah compliant bonds (Sukuk) and Treasury Bills. Read Original

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