Publication:
Strong financial growth and innovation define Amana Takaful Maldives's Q2 2023 performance
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Aishath Muneeza | |
| dc.date.accessioned | 2024-03-19T05:12:43Z | |
| dc.date.available | 2024-03-19T05:12:43Z | |
| dc.date.issued | 2023 | |
| dc.description.abstract | In Q2 2023, Amana Takaful Maldives recorded a notable performance in its financial results. The total revenue for the quarter amounted to MVR89.97 million (US$5.79 million), showcasing a significant increase compared with the preceding quarter's figure of MVR53.59 million (US$3.45 million). The company's commitment to efficient cost management is reflected in the total expenses, which stood at MVR11.96 million (US$769,414), slightly higher than the preceding quarter's MVR10.79 million (US$694,146). One of the remarkable highlights is the substantial growth in net profit, reaching MVR10.47 million (US$673,559) in Q2, a considerable surge from the preceding quarter's net profit of MVR1.1 million (US$70,765.5). This robust performance translated to improved earnings per share of MVR0.52 (US$0.03), compared with the previous quarter's MVR0.05 (US$0.003). Amana Takaful Maldives's solid financial position is evident in the growth of net asset per share, which increased to MVR7.8 (US$0.5) from the preceding quarter's MVR6.77 (US$0.44). The cash flow per share was reported at MVR0.23 (US$0.01), showcasing a reduction compared with the previous quarter's MVR0.45 (US$0.03). | en_US |
| dc.identifier.citation | Muneeza, A. (2023). Strong financial growth and innovation define Amana Takaful Maldives s Q2 2023 performance, Islamic Finance News, 20(36), 16. | en_US |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/4027 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | Redmoney | en_US |
| dc.rights | 2023. Redmoney | |
| dc.source | SEDONA | |
| dc.subject | Amana Takaful Maldives | en_US |
| dc.subject | Financial growth | en_US |
| dc.subject | Innovation | en_US |
| dc.title | Strong financial growth and innovation define Amana Takaful Maldives's Q2 2023 performance | en_US |
| dc.type | Industry Article | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Islamic finance | en_US |
| relation.isAuthorOfPublication | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
| relation.isAuthorOfPublication.latestForDiscovery | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
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