Findings of the sukuk market development project
Though the Maldives is a 100% Muslim country, the financial system of the country is still based on conventional methods and laws. The formal initiative to develop an Islamic capital market in the country was initiated by the Capital Market Development Authority (CDMA) in 2011. But even before 2011, the IDB has been a key driving force behind establishing an Islamic bank in the Maldives.
Islamic capital market , Sukuk , Maldives
Muneeza, A. (2012). Findings of the sukuk market development projects. Islamic Finance News, 10(15), pp. 19.