MIB Asset Value Surpasses MVR 10 Billion
The asset value of the Maldives Islamic Bank (MIB) stood at MVR 10.42 billion last quarter, the 28 percent state-owned...
MIB to Distribute Highest Dividend Since Going Public: MVR 2.90 per Share, Totalling MVR 65 Million
The Maldives Islamic Bank (MIB) will pay out MVR 2.90 per share as dividends for 2023, the bank has confirmed....
Over MVR 700 Million in SOE Loans Secured With Sovereign Guarantees
The administration has issued guarantees for loans, worth MVR 750 million, to some state-owned enterprises last year, according to the...
High Court Rejects Ex-AG Aishath Azima Shakoor’s Appeal in MIB Loan Dispute Case
The High Court has dismissed an appeal by former attorney general Aishath Azima Shakoor, challenging the Civil Court’s early January...
Former Attorney General Azima Shakoor Ordered to Pay MVR 4 Million in Loan Dispute
Former Attorney General Aishath Azima Shakoor has been ordered by the Civil Court to pay over MVR 4 million to...
MIB Reports Record Q3 Earnings
The Maldives Islamic Bank (MIB) has posted a net third quarter (Q3) income of MVR 123.55 million, an increase of...
Three Banks Join Central Bank’s Instant Payment System
In a significant development for the Maldivian financial sector, three local banks have signed an agreement with the Maldives Monetary...
