Mohamed Shareef
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BusinessBML prioritizes Islamic banking for new accounts and loans
Bank of Maldives has launched an "Islamic Finance First Policy," making Shari’ah-compliant services the default for all new accounts and personal loans. Existing customers can easily transition to Islamic alternatives, though conventional options remain available upon request. The shift aims to modernize the nation's banking sector.
BusinessAddu Hankede development board formed with BML majority
The Maldives government has formed the Addu Hankede Development Corporation board, appointing a majority of Bank of Maldives executives despite the bank holding no equity. This move aligns with a strategy to use bank financing for regional tourism. It marks the fourth attempt to develop the site after previous plans failed to commence.
