27.02.2009 - MMA no obstruction to Islamic Banking in Maldives - Governor

From Miadhu.com.mv: Maldives Monetary Authority (MMA) will not obstruct any attempt to open Islamic Banks in Maldives by suitable parties and that despite interested parties being asked to submit formal applications for bank operating licenses, no submission has yet been made, MMA Governor Fazeel Najeeb has said. Speaking to Miadhu Daily, Fazeel expressed as Islamic Banking is a new concept to Maldives, work on establishing necessary regulatory system is underway..... Full Article: Source

Print