The Maldives's HDFC Amna growing rapidly
Shariah compliance offi cer of HDFC Amna, the Islamic window of Housing Development Finance Corporation (HDFC) now holds approximately 22% of the loan portfolio of HDFC, where its total loan portfolio stands at over MVR1.4 billion (US$88.98 million). Azmeen also said that HDFC Amna is expected to dominate the market by 2020, provided that the growth level remains steady. The main reason for the growth of HDFC Amna is the increase in the number of awareness activities on Islamic finance in the Maldives that have enlightened the 100% Muslim population about the importance of using Islamic finance transactions.
Housing Development Finance Corporation (HDFC) , Islamic finance , Maldives
Muneeza, A. (2018). The Maldives's HDFC Amna growing rapidly. Islamic Finance News, (March 2018), p. 20.