Islamic finance transition from pandemic to endemic
2022 was seen as a year where the economy of the Maldives is recovering from the COVID-19 pandemic effects. For Islamic finance, not much progress was seen. However, there were a few significant developments that happened which have brought some remarkable positive changes to the Islamic finance industry in the Maldives. The most notable example in this regard was the implementation of the first Shariah governance framework by the Maldives Monetary Authority (MMA). The Maldives was ranked 10th in the Islamic Finance Development Indicator published in the latest 2021 Islamic finance growth indicator report by Refinitiv. In the report, the Maldives was ranked third for Takaful, while for corporate social responsibility activities and corporate governance it was ranked fourth.
Islamic finance , COVID-19 , Maldives
Muneeza, A. (2022). Islamic finance transition from pandemic to endemic. Islamic Finance News, (IFN Annual Guide 2023), 109.