Maldives Islamic Bank reports strong third quarter performance

Maldives Islamic Bank (MIB) has posted robust financial results for the third quarter of 2025, reflecting growth in both assets and profitability.

The bank’s total assets increased by MVR 1.5 billion, reaching MVR 15 billion, while net profit stood at MVR 92 million.

Operating profit rose to MVR 138 million, up MVR 9 million from the previous quarter. Customer deposits also grew by MVR 1.02 billion, reaching MVR 12.11 billion, which MIB said indicates growing public confidence in the bank.

MIB highlighted its commitment to quality service and customer trust, alongside engagement in social initiatives. Notably, the bank signed an agreement with Soneva Namoona to implement a waste management project in Baa Atoll.

The bank also continues to offer online services, including account opening, enhancing accessibility for its customers.