Financial Institutions
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BusinessMIB marks 15 years of excellence
On the 900th anniversary of the Maldives' conversion to Islam, Maldives Islamic Bank (MIB) celebrates 15 years of service. Since its 2011 launch, MIB has overcome initial skepticism and infrastructure hurdles to provide Shari’ah-compliant banking, marking a major milestone in the nation's financial history.
News"Sukuk payment could empty reserves and endanger sovereignty"
Referring to rumors of US-based Cargill Financial Services International (CFSIT) offering USD 300 million at very high interest to repay sukuk, Fayyaz said "rushed private borrowing at opaque terms" show "a clear absence of planning."
Business
BML denies issuing loans without board approval
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MDP to go to court to stop funds for the 206 projects
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"Ministers must be investigated for distributing projects"
Business
MDP calls to discard plans to "unlawfully" print MVR 2.5 billion
Business
Govt borrows MVR 13 billion from domestic market
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Govt left empty-handed as financial centre deal fails to deliver
Report
The red flags and risks of Maldives’ $8.8 billion deal!
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USD 8.8 billion investment to financial centre
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Govt to discard key policy by printing more than MVR 14 billion
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Economic Ministry signs MoU with Qatar Financial Center
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MACL's dollar-denominated salaries violate law and MMA directives
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Government seeks USD 70 million loan from Vitol Group
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BML begins taking money from USD fixed deposit accounts
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Loan taken to pay salaries of govt employees
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Two months past date given to open Development Bank
Business
Resorts exchanged only MVR 68 million with banks
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SDF balance dropped on the day reserves increased
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