The purpose of this paper is to analyse the main components of the regulatory framework implemented in Mauritius. This small island state of the Indian Ocean aspires to host Islamic banking products while diversifying the range of financial services offered within its hybrid jurisdiction despite having a minority Muslim population. The study also aims at drawing some comparisons with the well-established regulatory framework that applies to conventional banking.,In this qualitative analysis of the regulatory framework of Islamic banking in Mauritius, the doctrinal approach is adopted. This method relies principally on a scrutiny of the provisions of the law so as to delve into the primary and secondary sources of law guiding Islamic banking practices in the Mauritian jurisdiction.,The research study concludes that, with the view of encouraging investors into Islamic banking, policymakers took some regulatory initiatives but these remained timid. These initiatives relied too often on borrowing from the regulatory framework in place for conventional banking practices instead of regulating the area within its own precepts. Prospects for expanding Islamic banking exist but will require more audacious regulatory steps so as to secure the environment within which Islamic banking is to flourish. In the meantime, the industry is in a status quo position with no further legal action currently being envisaged to re-launch this area. No further legal action currently being envisaged to re-launch this area.,This research study is among the first one generated specifically on the regulatory framework of Islamic banking in a small financial centre that operates mostly offshore financial activities. Previous research work either focussed on the empirical analysis or on reviewing the challenges and the prospects but no study has provided an in-depth analysis of the regulatory provisions circumscribing Islamic banking. This lacuna is being filled up by this research paper which highlights the regulatory needs of Islamic banking and comments on the inclusion of and the need for specific rules related to Islamic finance instead of relying on the overlap with conventional banking laws.

中文翻译：

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毛里求斯的伊斯兰银行和金融法规

本文的目的是分析毛里求斯实施的监管框架的主要组成部分。印度洋这个小岛国渴望拥有伊斯兰银行产品，同时尽管穆斯林人口很少，但仍在其混合管辖区提供多样化的金融服务。该研究还旨在与适用于传统银行业的完善监管框架进行一些比较。在对毛里求斯伊斯兰银行业监管框架的定性分析中，采用了理论方法。该方法主要依靠对法律条款的审查，以便深入研究指导毛里求斯管辖区的伊斯兰银行业务的主要和次要法律渊源。研究得出的结论是，为了鼓励投资者进入伊斯兰银行业，政策制定者采取了一些监管措施，但这些措施仍然胆小。这些举措过于依赖传统银行业务监管框架的借贷，而不是在自己的规范范围内进行监管。存在扩大伊斯兰银行业务的前景，但需要采取更大胆的监管措施，以确保伊斯兰银行业务蓬勃发展的环境。同时，该行业处于现状，目前不打算采取任何进一步的法律行动来重新启动这一领域。目前不打算采取任何进一步的法律行动来重新启动这一领域。这项研究是在一个主要经营离岸金融活动的小型金融中心内，根据伊斯兰银行业监管框架专门编制的第一份研究报告。先前的研究工作要么着重于实证分析，要么着眼于挑战和前景，但是没有研究对围绕伊斯兰银行业的监管规定进行深入分析。本研究报告填补了这一空白，突出了伊斯兰银行业的监管需求，并评论了与伊斯兰金融有关的纳入和对特定规则的需求，而不是依靠与常规银行法的重叠。先前的研究工作要么着重于实证分析，要么着眼于挑战和前景，但是没有研究对围绕伊斯兰银行业的监管规定进行深入分析。该研究论文填补了这一空白，突出了伊斯兰银行业的监管需求，并评论了与伊斯兰金融有关的纳入和对特定规则的需求，而不是依靠与常规银行法的重叠。先前的研究工作要么着重于实证分析，要么着眼于挑战和前景，但是没有研究对围绕伊斯兰银行业的监管规定进行深入分析。该研究论文填补了这一空白，突出了伊斯兰银行业的监管需求，并评论了与伊斯兰金融有关的纳入和对特定规则的需求，而不是依靠与常规银行法的重叠。