Time to make hay as the future is bright and sunny in the Maldives
Maldives is a famous tourist destination that is unique not only geographically, but it is also a 100% Muslim country that has a homogenous language and culture across the whole country that consists of 1,190 small islands. Though the economy and the financial landscape of the country is predominated by conventional financing methods and ideas, since the formation of the first Islamic bank of the country, Maldives Islamic Bank in 2011, the development of Islamic finance has grown exponentially. Since then, the country has witnessed a rapid and remarkable growth in Islamic finance that is worth studying. The year 2015 can be considered as a significant year that has brought the importance of Islamic finance in Maldives to the limelight.
Maldives , Islamic finance , Takaful , Home financing
Muneeza, A. (2015). Time to make hay as the future is bright and sunny in the Maldives. Islamic Finance News Guide 2016 (9 December 2015), p. 91.