From Btimes.com.my: The Maldives, which is set to open its first Islamic bank in January 2011 with the help of a Malaysian institute, aims for the bank to capture up to a fourth of the banking market there in three to five years.
The small island nation, whose population of about 330,000 is almost fully Muslim, currently has four conventional banks, none of which offer syariah-compliant products, Maldives Islamic Bank chairman Khaled Al-Aboodi said………………………………………Full Article: Source