Maldives Islamic Bank (MIB) has opened applications for the appointment of an elected director to represent ordinary shareholders on its Board of Directors.

MIB said applicants must be shareholders of the bank and meet the requirements of the Banking Act, regulations issued by the Maldives Monetary Authority (MMA) and Capital Market Development Authority (CMDA), and the bank's bylaws.

Candidates must have a master's degree in banking, finance, accounting or information technology, or an MBA specializing in one of these fields. Candidates with a bachelor's degree in one of these fields may also apply if they are full or associate members of a recognized chartered accounting body.

Applicants must have adequate knowledge of banking and finance, demonstrate high standards of ethics and integrity, and be able to represent the long-term interests of shareholders, MIB said.

Candidates must be between 30 and 70 years old.

Ordinary shareholders can submit completed application forms and the required documents to MIB's head office or by email by August 31.