5 min read
Islamic Finance was first introduced to the Maldives in 2003, with the establishment of Amana Takaful Maldives PLC, a full-fledged Takaful subsidiary of a Sri Lankan institution. At the time,...
4 min read
The concept of crowdfunding has been around for ages yet never given the full distinction it deserved until the past few decades. During and after the industrial revolution, most businesses...
6 min read
Almost 90 percent of the 8,000 businesses registered to pay taxes in the Maldives are Small, and Medium-sized Enterprises (SMEs). SMEs are important in that their contribution to employment and GDP...
5 min read
Ibrahim, the owner of a guesthouse in the local island of Maafushi was forced to rely on a MVR200,000 COVID-relief loan from the SME Development Finance Corporation (SDFC) in 2020...
3 min read
With the pandemic necessitating more interactions, and transactions, online, the Bank of Maldives’ refresh of its mobile banking app is seen by many as a welcome change. Even with services...
5 min read
The development of MSMEs is pivotal in creating a resilient and diverse economy while generating employment opportunities in the outer islands. The industry has been long neglected during the past...
6 min read
Former United States Secretary of the Treasury, Larry Summers said “the people who confidently reject all the innovation here in blockchain-based payment and monetary systems are on the wrong side...
3 min read
This month as we focus on the prospects of a 'Digital Maldives' MFR will feature a series of articles on cryptocurrencies; this week the paper concentrates on outlining a basic...
4 min read
Until the 15th century, trade and business activities relied heavily on Islamic banking principles, which then spread throughout Spain, the Mediterranean and the Baltic states. Its recent history, however, it...
