4th Islamic Banking and Finance conference begins !

4th Islamic Banking and Finance conference begins !

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4th Islamic Banking and Finance conference organized by Women on Boards has begun today. The conference was launched by Vice President Abdullah Jihad.

Speaking at the opening ceremony of the conference, the chairperson of Maldives Center for Islamic Finance, Dr.Aishath Muneeza said that they started the conference in Maldives 4 years ago with high hopes and aspirations.

“Maldives is a hundred percent Islamic country and hence it is important to develop Islamic finance in Maldives. I am proud to say that there are 13 financial institutions that provides shariah compliant financial services. When we started there were few services providers and now it has increased to 13” said Muneeza.

Dr.Muneeza thanked Amana Takaful the first sharia compliant insurance service in Maldives and Maldives Islamic Bank the first Islamic banking services in Maldives. “They started these services in the Maldives even without any assurance that there will be a market. But now they are successful. Other parties got encouraged from their work” said Muneeza.