Maldives Islamic Bank to expand outreach in 2018
Maldives Islamic Bank (MIB) is the first and only fully-fledged Islamic bank operating in the country since 2011. It started with only one office in the capital Male and over the years, it has expanded to other parts of the country. The latest branch is the Fuvahmulah branch opened on the 24th December 2017 at Gn. Fuvahmulah. This newly opened branch offers a complete range of banking products and services compliant with the Islamic Shariah, including deposit and investment accounts, consumer and business financing facilities, trade finance, remittance, electronic banking and other ancillary services. The branch is headed by a branch manager and supported by six experienced staff.
Maldives Islamic Bank , Islamic bank
Muneeza, A. (2018). Maldives Islamic Bank to expand outreach in 2018. Islamic Finance News, (February 2018), p. 15.