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Shariah-compliant Islamic bank to open in Maldives

Posted on 08 November 2010

The Maldives Islamic Bank (MIB) and the Islamic Banking and Finance Institute Malaysia (IBFIM) signed an agreement in Malaysia in which IBFIM will assist MIB to develop the Shariah-compliant banking products. The signing ceremony was held during the Global Islamic Finance Forum (GIFF) hosted by Bank Negara Malaysia.
The agreement was signed by Maldives Islamic Bank’s Chairman Khaled Al-Aboodi and IBFIM’s Chief Executive Officer Adnan Alias and witnessed by Mohd Razif Abd Kadir, deputy governor of Bank Negara Malaysia and Zukri Bin Samat, chairman of IBFIM……………………………………….Full Press Release: Source

 
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