Publication:
Maldives emerges as a rising star as per IFSB Stability Report 2025
Abstract
The IFSB, in its Financial Services Industry Stability Report 2025, has commended the Maldives for its remarkable progress in the Islamic finance sector. Despite being a relatively young market in this space, the Maldives is now gaining global attention for its strong growth trajectory in Islamic banking and takaful. Based on the report, it is evident that the Maldives is emerging as a key player in the Islamic finance landscape, with an Islamic banking share of 13.5% in total banking assets as of Q3 2024. This reflects growing confidence and acceptance of Shariah compliant financial services within the country.
Keywords
Rising star , Islamic finance , Takaful , Maldives
Citation
Muneeza, A. (2025). Maldives emerges as a rising star as per IFSB Stability Report 2025. Islamic Finance News, 22(25), 14.
Publisher
Redmoney
DOI
Files
Maldives_emerges_as_a_rising_star_as_per_IFSB_Stability_Report_2025_Aishath Muneeza.pdf
Size: 1.2 MBFormat: pdf
Views: 1 Downloads: 2