How far has the Maldives progressed in achieving its Islamic capital market objectives?
The Maldives Capital Market Strategic Plan 2015-19 (the Plan) has 10 programs out of which Program 4 specifically deals with developing Islamic capital market products. The strategic priority for Program 4 is broadening access to finance and investment opportunities. The overview of Program 4 states that the Plan aims to promote more investable products to investors of various preferences. Equity, debt, investment funds, private equity and venture capital funds are to be introduced in the form of conventional products and/or Shariah compliant products. As part of the development activities of the authorities, developing Shariah compliant products will be a high priority during the next five years.
Maldives , Islamic capital market
Muneeza, Aishath. (2018). How far has the Maldives progressed in achieving its Islamic capital market objectives? Islamic Finance News, (July 2018), pp. 19.