From HNS: The Maldives Islamic Bank (MIB) has said that they will open the bank for business on March 7, the day Maldives embraced Islam. Rf 150 million share worth MIB was developed with an 85 percent share from the Islamic corporation for the Development of Private Sector of Islamic Development Bank (IDB) and a 15 percent share from the government.

During the first press conference held in the bank on H. Coconutvilla, Ameeru Ahmed Magu, Managing Director and CEO Haris Haroon revealed that all the work required to open the bank has now been completed…………………………………….Full Article: Source