Assoc. Prof. Dr. Aishath Muneeza
Qualification:Ph.D.in Law in International Islamic University Malaysia. (2013)
Fields/Area of Specialization:Islamic Banking Law
Assoc. Prof. Dr. Aishath Muneeza holds a Ph.D.in Law, Masters in Banking Law, and a Bachelor of Laws (Hons) all from the International Islamic University of Malaysia. She is a wealth of knowledge in her field of specialization. She has acquired significant education and work experience in Islamic Law, Islamic Banking & Finance and many other related subjects. She has presented numerous research papers in international conferences held in different parts of the world and has also published academic books and papers on Islamic Finance.

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Showing results 1 to 10 of 101
  • islamic_finance_withstands_the_winds_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives is a small island nation with a 100% Muslim population that is exemplary in its attempt to develop a fully-fledged Islamic finance industry. From only one Takaful company operating in the Maldives in 2003 under a conventional license, now in 2018, there are 13 institutions dealing with Islamic financial services, proving the ever-growing demand for Islamic finance in the Maldives.

  • developing_regional_healthcare_facilities_in_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Badeeu, Fathimath Nashwa; Nafiz, Aminath Reesha; Muneeza, Aishath (2019)

  • The purpose of this paper is to identify the underlying issues of healthcare system in Maldives in order to provide an understanding of the challenges facing healthcare providers in islands and atolls in a wider context. The paper scrutinizes the financial burden faced by the current healthcare system in Maldives. It also proposes shariah compliant mechanism that can be utilized to minimize financial burden in a long-term basis. It is hoped that the outcome of the research will assist the policymakers of Maldives to devise a shariah compliant mechanism to finance the development of atoll and island health facilities in a sustainable manner.

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Shukri, Nur Diyanah Syakirah; Ahmad Zamri, Siti Nuralina; Muneeza, Aishath; Ghulam, Hanif (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • the_pricing_of_maldives_islamic_bank_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • In a news conference held by Maldives Islamic Bank (MIB) on the 30th June 2019, it was announced that MIB is going public and its IPO will begin on the 28th July 2019 and close on the 18th September 2019. The price per share will be MVR35 (US$2.21). The main aim of this IPO, according to the new managing director of MIB, is to increase the participation of locals (Maldivians) in the ownership of MIB. The total targeted amount to be raised via the IPO is MVR244 million (US$15.41 million). MIB is selling 31% of its shares equivalent to 6.98 million shares.

  • belt_and_road_initiative_and_Islamic_financing_jinzi_aishath.pdf.jpg
  • Journal Article


  • Authors: JinZi, Chu; Muneeza, Aishath (2019)

  • China's One Belt and One Road (OBOR) is a global trade network across Asia, Africa, Europe and Oceania. Also known as Belt and Road Initiative (BRI), OBOR is an attempt to redraw ancient Silk Road to foster global trade and economic development. Nearly 30 Muslims-majority countries are part of China's vision of BRI. The purpose of this paper is twofold: first, to investigate how public private partnership (PPP) has been applied in BRI projects; and second, to explore how Islamic finance can fit within a PPP context. This paper proposes a framework for using Islamic finance in infrastructure PPP projects. This paper also analyses two PPP projects where Islamic finance was deployed as p...

  • a_case_study_default_Islamic_financing_facilities_Malaysian_perspective_aishath.pdf.jpg
  • Chapter in Book


  • Authors: Muneeza, Aishath (2019)

  • Default can occur in Islamic banking. As the law applicable to Islamic banking is derived from Shariah, it is imperative to check whether the current practice of Islamic banks in default aligns with Shariah. The objective of this chapter is to discuss the rules and procedures Islamic banks in Malaysia follow in case of default. This is a qualitative research where data from primary sources such as laws on the matter are extracted to derive conclusions and secondary sources such as case laws and other published materials in the subject matter are explored. It is anticipated that the outcome of this chapter will assist to comprehend the way in which Islamic banks deal in case of default...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • the_maldives_celebrates_that_crystal_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives celebrated its 15th anniversary of Islamic finance by honoring key institutional and individual stakeholders who assisted in the development of Islamic finance with awards of appreciation on the 11th July. The governor of the Central Bank of Maldives was the chief guest. Apart from myself, the other individual award recipient was Fathimath Shafeega, former CEO of Capital Market Development Authority, who is currently a board director of the Maldives Islamic Bank (MIB).

  • MMA_and_CMDA_publish_annual_reports_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The central bank of the Maldives, the Maldives Monetary Authority (MMA), has published its annual report for 2018. The governor stated in the report that he is happy to reveal that an MMA staff member was selected to pursue postgraduate studies in Islamic banking and finance - a highly sought-after and up-and-coming field in today's world of finance. In addition, several changes were made to the organizational structure of the MMA during the year, to enhance the operational efficiency and governance of the institution.

  • the_maldives’s_vision_to_be_an_islamic_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Outstanding employees for 2018 were honored during the Capital Market Development Authority (CMDA)'s 13th anniversary event held on the 10th February 2019 at Champa Central Hotel, Male. The chief guest of the ceremony, Minister of Finance and Treasury Ibrahim Ameer, emphasized in his speech the vision of the government to sustain Islamic finance in the country and to strategize the Maldives as a hub of Islamic finance.

Assoc. Prof. Dr. Aishath Muneeza
author picture
Qualification: Ph.D.in Law in International Islamic University Malaysia. (2013)
Fields/Area of Specialization: Islamic Banking Law
Assoc. Prof. Dr. Aishath Muneeza holds a Ph.D.in Law, Masters in Banking Law, and a Bachelor of Laws (Hons) all from the International Islamic University of Malaysia. She is a wealth of knowledge in her field of specialization. She has acquired significant education and work experience in Islamic Law, Islamic Banking & Finance and many other related subjects. She has presented numerous research papers in international conferences held in different parts of the world and has also published academic books and papers on Islamic Finance.
Showing results 1 to 10 of 101
  • islamic_finance_withstands_the_winds_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The Maldives is a small island nation with a 100% Muslim population that is exemplary in its attempt to develop a fully-fledged Islamic finance industry. From only one Takaful company operating in the Maldives in 2003 under a conventional license, now in 2018, there are 13 institutions dealing with Islamic financial services, proving the ever-growing demand for Islamic finance in the Maldives.

  • developing_regional_healthcare_facilities_in_maldives_aishath.pdf.jpg
  • Journal Article


  • Authors: Badeeu, Fathimath Nashwa; Nafiz, Aminath Reesha; Muneeza, Aishath (2019)

  • The purpose of this paper is to identify the underlying issues of healthcare system in Maldives in order to provide an understanding of the challenges facing healthcare providers in islands and atolls in a wider context. The paper scrutinizes the financial burden faced by the current healthcare system in Maldives. It also proposes shariah compliant mechanism that can be utilized to minimize financial burden in a long-term basis. It is hoped that the outcome of the research will assist the policymakers of Maldives to devise a shariah compliant mechanism to finance the development of atoll and island health facilities in a sustainable manner.

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Mohd Shukri, Nur Diyanah Syakirah; Ahmad Zamri, Siti Nuralina; Muneeza, Aishath; Ghulam, Hanif (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • the_pricing_of_maldives_islamic_bank_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • In a news conference held by Maldives Islamic Bank (MIB) on the 30th June 2019, it was announced that MIB is going public and its IPO will begin on the 28th July 2019 and close on the 18th September 2019. The price per share will be MVR35 (US$2.21). The main aim of this IPO, according to the new managing director of MIB, is to increase the participation of locals (Maldivians) in the ownership of MIB. The total targeted amount to be raised via the IPO is MVR244 million (US$15.41 million). MIB is selling 31% of its shares equivalent to 6.98 million shares.

  • belt_and_road_initiative_and_Islamic_financing_jinzi_aishath.pdf.jpg
  • Journal Article


  • Authors: JinZi, Chu; Muneeza, Aishath (2019)

  • China's One Belt and One Road (OBOR) is a global trade network across Asia, Africa, Europe and Oceania. Also known as Belt and Road Initiative (BRI), OBOR is an attempt to redraw ancient Silk Road to foster global trade and economic development. Nearly 30 Muslims-majority countries are part of China's vision of BRI. The purpose of this paper is twofold: first, to investigate how public private partnership (PPP) has been applied in BRI projects; and second, to explore how Islamic finance can fit within a PPP context. This paper proposes a framework for using Islamic finance in infrastructure PPP projects. This paper also analyses two PPP projects where Islamic finance was deployed as p...

  • a_case_study_default_Islamic_financing_facilities_Malaysian_perspective_aishath.pdf.jpg
  • Chapter in Book


  • Authors: Muneeza, Aishath (2019)

  • Default can occur in Islamic banking. As the law applicable to Islamic banking is derived from Shariah, it is imperative to check whether the current practice of Islamic banks in default aligns with Shariah. The objective of this chapter is to discuss the rules and procedures Islamic banks in Malaysia follow in case of default. This is a qualitative research where data from primary sources such as laws on the matter are extracted to derive conclusions and secondary sources such as case laws and other published materials in the subject matter are explored. It is anticipated that the outcome of this chapter will assist to comprehend the way in which Islamic banks deal in case of default...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • the_maldives_celebrates_that_crystal_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Amana Takaful Maldives celebrated its 15th anniversary of Islamic finance by honoring key institutional and individual stakeholders who assisted in the development of Islamic finance with awards of appreciation on the 11th July. The governor of the Central Bank of Maldives was the chief guest. Apart from myself, the other individual award recipient was Fathimath Shafeega, former CEO of Capital Market Development Authority, who is currently a board director of the Maldives Islamic Bank (MIB).

  • MMA_and_CMDA_publish_annual_reports_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • The central bank of the Maldives, the Maldives Monetary Authority (MMA), has published its annual report for 2018. The governor stated in the report that he is happy to reveal that an MMA staff member was selected to pursue postgraduate studies in Islamic banking and finance - a highly sought-after and up-and-coming field in today's world of finance. In addition, several changes were made to the organizational structure of the MMA during the year, to enhance the operational efficiency and governance of the institution.

  • the_maldives’s_vision_to_be_an_islamic_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • Outstanding employees for 2018 were honored during the Capital Market Development Authority (CMDA)'s 13th anniversary event held on the 10th February 2019 at Champa Central Hotel, Male. The chief guest of the ceremony, Minister of Finance and Treasury Ibrahim Ameer, emphasized in his speech the vision of the government to sustain Islamic finance in the country and to strategize the Maldives as a hub of Islamic finance.