The Maldives: strategic signing of MoU and launch of MFLC Maal
Abstract
The Maldives is witnessing significant advancements in Islamic finance, marked by two major developments: the signing of a strategic partnership between the Maldives Monetary Authority (MMA) and Universiti Islam Selangor (UIS) and the launch of Maldives Finance and Leasing Company (MFLC)'s Shariah compliant financial services arm, MFLC Maal. On the 14th December 2024, the MMA and UIS signed an MoU to foster collaboration in Islamic banking, finance and social finance. This partnership aims to promote joint research, professional training and knowledge exchange to strengthen the sector and encourage innovation in Shariah compliant financial solutions.
Keywords
Islamic finance , Maldives , Malaysia , Strategic partnership
Citation
Muneeza, A. (2025). The Maldives: Strategic signing of MoU and launch of MFLC Maal. Islamic Finance News, 22(1), 32.
Publisher
Redmoney
DOI
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