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Maldives Islamic Bank and Malaysian financial institute to sign agreement

Posted on 25 October 2010

From Haveeru.com.mv: Maldives Islamic Bank (MIB) and Islamic Banking and Finance Institute Malaysia (IBFIM) will sign a Memorandum of Agreement (MoA) to set up the first Islamic bank in Maldives, Malaysian national news agency Bernama reported.
According to the agency, the agreement will bind both parties to co-develop Islamic finance in Maldives through extensive study of Maldives’ legal and banking framework to create a harmonise environment for the growth of Islamic finance……………………………………….Full Article: Source

 
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