Century Banking Corporation Ltd (CBC), the first Islamic Bank, was granted a banking licence on 3 September 2010 and started its operations on 31 March 2011. CBC is a boutique investment bank, combined with private banking and international banking facilities, which targets mainly clients from Africa, Asia and Middle East by offering tailor-made Shari’a compliant products and services.
Driven by a selfless belief that personalized service will build valued relationships when delivered with integrity.
Introduction of Ijarah and Kafalah products
Successful issuance of
Islamic Commercial Certificates (ICC)
Secured the first Interbank Commodity Murabaha Deposit
Introducing Murabaha Facility for corporate financing
Leadership through effective performance in Shari'a compliant banking practices.
Establishment of the first Islamic Bank in Mauritius
Century Global Ltd (CGL), the fully-owned subsidiary of CBC, is a category 1 Global Business Company. It acts as the investment arm of CBC and holds the following financial services licenses issued by the FSC namely CIS Manager License and Investment Dealer (Full Service Dealer - including underwriting) License.
CGL provides asset management services and a wide range of professional advisory services for private and institutional investors. The company may also underwrite security offerings. CGL offers a Shari'a-compliant platform for investors looking for a cost-effective structure to launch their Shari'a-compliant investments with different fund strategies via the Mauritius Jurisdiction. The strategies may involve investing in a liquid portfolio or investing into relatively illiquid assets.