WILL MALDIVES DEVELOP OFFSHORE ISLAMIC FINANCE SECTOR FROM GROWTH IN LOCAL SERVICES?
March 24th, 2022
The Indian Ocean archipelago Maldives is developing an Islamic finance sector, although it may need to strengthen legislation and local turnover to attract enough international players to develop an offshore hub. The government established in 2016 the state-owned Maldives Centre for Islamic Finance Ltd (MCIF) charged with developing the country’s capacity to be a “hub for Islamic finance”, primarily in south Asia. The centre conducts research on Islamic finance, provides product structuring and consultancy services, and helps float Islamic capital market ...
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