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A digest of news and opinion from the Maldives.

Islamic Banking

Islamic Banking and Financing Industry of Maldives: Snapshot of Today

Islamic Banking and Financing Industry of Maldives: Snapshot of Today

10 min read

Featured Image:  Ahmed Riza The basis of contemporary Islamic banking and finance is rooted back to the time of the Prophet (s.a.w). Prophet Muhammad (s.a.w)’s first wife, Khadijah, was a merchant. He acted as an agent for her business, using many of the principles used in modern Islamic banking. During the Medieval Period (till 15th […]