Maldives among the countries with the fastest Islamic Finance development – Maldives is still on top!

Maldives | Image Credit: Adam Jones from Kelowna, BC, Canada, Maldives Flag Flying – Male – Maldives (14064519789) , CC BY-SA 2.0

Maldives was named as one of the countries with the fastest development of Islamic Finances. According to ICD-Thomson Reuters Islamic Finance and Development Report 2017, Maldives is among one of the three countries where Islamic Banking developed at the fastest rate. The other two countries on the list are Oman and Palestine. Maldives was also named among the development of other Islamic financial institutions. If you are planning to visit this island for holidays, base yourself in one of the Maldives water villa resorts the likes of Adaaran Prestige Vadoo to get the best of your stay.

The report mentioned that the Maldives moved up to 12th due to higher Awareness indicator values gained after hosting an abundance of Islamic Finance seminars last year. Aditionally, the introduction of Islamic banking services by Bank of Maldives in April 2015 was highlighted in the recent Islamic Finance events.