A small island aspires to introduce sukuk
The Maldives has embarked on the huge task of developing Islamic finance parallel to its existing conventional finance market. After establishing its very first Islamic bank in March 2011, the country also witnessed the issuance of its first Islamic equity in 2011. The first company in Maldives that was listed as a company issuing Shariah compliant equity was Amana Takaful Maldives. The country is subsequently moving towards the development of a sukuk market.
Maldives , Sukuk
Muneeza, A. (2012). A small island aspires to introduce sukuk. Islamic Finance News, 9(20), pp. 16.