1 min read
Allied Insurance Maldives has, through their Islamic insurance window, Ayady Takaful, announced that they have set a record for the 2019 surplus distribution for their customers, with an impressive MVR1.52...
3 min read
The world is constantly changing, and laws need to change accordingly as well to accommodate for this and ensure the safety of the people as well as uphold their rights...
3 min read
The Bank of Maldives (BML) posted a Profit After Tax of MVR354 million for the final quarter of 2021, yielding the bank a full-year Profit After Tax of MVR1.7 billion...
7 min read
Dr. Hussain Sunny Umar is the founder of Maldives Halal Travel; MFR sat down with Dr. Umar for his unique insights.
2 min read
Citi on 13 January announced it had reached an agreement with UOB Group (UOB) on the acquisition of Citi’s consumer banking franchises in Indonesia, Malaysia, Thailand and Vietnam. The transaction...
3 min read
On 29 November 2021 the Maldives’ retail economy was virtually brought to a standstill. The Bank of Maldives, while doing some routine upgrades — that the company had failed to...
3 min read
On 13 October 2021, an official from the Maldives Pension Administration Office (MPAO) confirmed that its Chief Executive Officer, John Grindall, had been dismissed by the Board for breach of...
4 min read
On 22 September, the Housing Development Finance Corporation Plc (HDFC) announced the extension of the closing date of its Mudarabah Sukuk Issue No. 4 from 30 September to 31 October...
3 min read
As with other economies, the Maldives' economy requires an efficient financial system that moves funds from those people who save, to those who have productive investments opportunities. In order to...
