05.08.2010 - Maldives issues first Islamic bank license

From Haveeru.com.mv: Maldives Monetary Authority (MMA) has issued license to Maldives Islamic Bank Private Limited (MIB) to set up the country’s first Islamic bank. According to the authority’s website, “MMA issued a banking licence to the ‘Maldives Islamic Bank Pvt. Ltd.’ to conduct Islamic banking business in the Maldives, with effect from 2nd August 2010.”.............................................Full Article: Source

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