Publication:
Maldives Islamic Bank's total assets reach MVR6 billion (US$388.23 million)
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Aishath Muneeza | |
| dc.date.accessioned | 2023-04-18T07:28:57Z | |
| dc.date.available | 2023-04-18T07:28:57Z | |
| dc.date.issued | 2023 | |
| dc.description.abstract | In the Q4 report of 2022, it is stated that Maldives Islamic Bank (MIB)'s total assets reached the MVR6 billion (US$388.23 million) mark. According to the report, this is a growth of 8.93% compared with Q3 2022 and customer deposits also grew by 10.49% to MVR5.11 billion (US$330.64 million) from MVR4.62 billion (US$298.94 million) in the earlier quarter. Total revenue for the quarter was the highest recorded during the year as it stood at MVR92.01 million (US$5.95 million) compared with MVR84.11 million (US$5.44 million) in the previous quarter, a growth of 9.39%. Although the net profit for the quarter dropped to MVR21.57 million (US$1.4 million) from MVR36.86 million (US$2.39 million) registered for Q3 2022, the bank was able to finish the year with the highest net profit recorded since the COVID-19 pandemic. The position of the net asset per share also improved to MVR33.2 (US$2.15) from MVR32.24 (US$2.09) recorded during Q3. | en_US |
| dc.identifier.citation | Muneeza, A. (2023). Maldives Islamic Bank's total assets reach MVR6 billion (US$388.23 million). Islamic Finance News, 20(11), 14. | en_US |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/3766 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | Redmoney | en_US |
| dc.rights | 2023. Redmoney | |
| dc.source | SEDONA | |
| dc.subject | Maldives Islamic Bank (MIB) | en_US |
| dc.subject | Assets | en_US |
| dc.title | Maldives Islamic Bank's total assets reach MVR6 billion (US$388.23 million) | en_US |
| dc.type | Industry Article | en_US |
| dlc.maintopic | Islamic finance | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Islamic finance | en_US |
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| relation.isAuthorOfPublication.latestForDiscovery | 81014255-5cb8-46bc-ad81-bf6d8a3a0702 | |
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