4 min read
On 2 September 2021, the Government of Maldives issued another USD200 million Sukuk, or Islamic bond, in addition to the USD300 million issued in March (USD200 million) and April (USD100...
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,...
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...
2 min read
On 29 March, the Government of the Maldives issued its debut international sovereign Sukuk amounting to USD200 million. With a five year maturity, the Sukuk was reported to be priced...
