Maldives Islamic Bank to go for IPO and new SME bank to offer Islamic finance
The Maldives Islamic Bank (MIB) plans to go for an IPO this year. The current shareholdings in MIB are 70% by the Islamic Corporation for the Development of the Private Sector, 25% by the government of the Maldives and 5% by Amana Takaful Maldives, the only Islamic equity listed on the Maldives Stock Exchange since 2011.
Islamic banking , Shariah compliant
Muneeza, Aishath. (2019). Maldives Islamic Bank to go for IPO and new SME bank to offer Islamic finance. Islamic Finance News, 16 (15), pp. 17.