Governor of MMA, Ahmed Munawar, said that the central bank plays a crucial role in the development of the Islamic financial system in the Maldives and expressed the goal of making Maldives an important hub for Islamic finance.
Maldives Monetary Authority (MMA) launched a MVR 5 million fund yesterday to raise awareness and conduct training on Islamic finance.
The fund was launched under the MMA Tamweel Islamic Finance Initiative, with the initiative being officially launched by Minister of Islamic Affairs Dr Mohamed Shaheem Ali Saeed.
With the MVR 5 million fund, MMA will sponsor various courses and training programs related to the Islamic financial system. During yesterday's ceremony, Malaysia's International Center for Islamic Finance University pledged its assistance in training people in the field.
MMA will undertake two main activities under the Islamic Finance Initiative including raising awareness of Islamic financial systems in Maldives and providing training in the field.
Governor of MMA, Ahmed Munawar, said that the central bank plays a crucial role in the development of the Islamic financial system in the Maldives and expressed the goal of making Maldives an important hub for Islamic finance.
In addition, MMA will broadcast a program called Tamweel on TV this Ramadan. TVM will also host a Tamweel quiz competition.
The winner of the daily draw among those who answer questions related to Islamic finance will be awarded a gift card worth MVR 1,000 from BML Islamic. The winner with the most correct answers will be awarded an Umrah trip.
BML Islamic, Maldives Islamic Bank, Allied Insurance, and the Maldives Center for Islamic Finance Corporation are participating in the program.
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