Judiciary must better understand corporate sector: Inaz

The chairman of the Pension Office and former finance minister, Dr Ahmed Inaz, has said one of the biggest challenges facing financial institutions in Maldives is the lack of an enlightened judiciary that fully understands the corporate sector.

Speaking at the Maldives Finance Forum 2025, organised by the Pension Office, Inaaz said the judiciary should ideally be more advanced than financial institutions, or at least work in partnership with them.

Responding to a question on regulatory challenges and barriers to expanding the financial market, he said: “The [lack of] a strong, well-educated judiciary that understands the corporate sector well is what I think is one of the main challenges we face. I think as the market evolves, the judiciary should be ahead of us, or at least work in partnership with us.”

Inaz also cited the behaviour of market participants as another key challenge, arguing that financial institutions should anticipate and plan for development projects more effectively.

The Finance Forum, now in its 12th year, is an annual platform for discussing financial issues and sharing technical expertise from industry specialists.