Business

Ooredoo Maldives to be rated as “Shariah Compliant”

Maldives Centre for Islamic Finance (MCIF) has certified Ooredoo Maldives with “Shariah Compliance Rating”.

Ooredoo was awarded this by the managing director of MCIF, Mr Ibrahim Didi at a ceremony held in Islamic Finance Centre. This award was received by the CEO of Ooredoo, Mr Najeeb Khan.

This Rating was given to Ooredoo upon their request and was carefully examined and researched by MCIF to identify whether they are reliable and act on the laws of Shariah.

Ooredoo has begun their investments through Islamic Finance and has started to sell their shares to the public.

The government is currently working on to make Maldives a centre for Islamic Finance due to the increasing demand for it. As a result of this, Maldives was rated to have S114.14 million as Islamic Banking Assets by a report published by Islamic Corporation for Private Sector Development (ICD) last year.

Full details are available from the link below:

Source URL: Corporate Maldives

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