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Banque Al Wava Mauritanienne Islamique, a local Islamic bank, was established in 1985 through a partnership between the Central Bank of Mauritania and the Al Baraka Bank Group, and that was under the name of Al Baraka Mauritanian Islamic Bank, and in 1992 the Central Bank relinquished part of its share For the benefit of some Mauritanian investors, and in 1996 the bank's name was changed to become the Islamic Mauritanian Wafa Bank - Bames. The bank provides its various banking services according to the Islamic banking system.