Maldives: zakat asnaf card launch transforms welfare services
Abstract
Maldives Islamic Bank (MIB), the nation's first full-fledged Islamic bank, is celebrating its 15th anniversary, marking a significant milestone in the development of Shariah compliant banking in the Maldives. Established in 2011 and officially launched on the 7th March in Male, MIB has played a pioneering role in delivering ethical, interest-free financial services grounded in principles of fairness, transparency and responsible finance. Over the years, the bank has expanded access to Islamic banking across the atolls through innovation, digital solutions and an extensive service network, contributing meaningfully to financial inclusion and national economic growth.
Keywords
Maldives Islamic Bank (MIB) , Zakat , Welfare services
Citation
Muneeza, A. (2026, March 27). Maldives: Zakat asnaf card launch transforms welfare service. Islamic Finance News. 23(13), 15.
Publisher
Islamic Finance News
DOI
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