Maldivian youth have until end of September to register for the MMA Tamweel FinLit Challenge, a nationwide quiz competition organized by the Maldives Monetary Authority (MMA) that offer cash prizes of up to MVR 10,000.
Open to participants aged 16 to 25, the challenge is designed to strengthen financial literacy and understanding of Islamic finance while providing a competitive and engaging learning environment.
The league-style competition will feature six online rounds, where teams of three to five members can accumulate points on a leaderboard. The top five scoring teams will then advance to a live, in-person final round to compete for the coveted cash prizes. Questions will cover a wide range of topics including personal finance, budgeting, safe use of digital solutions, credit and debt, and Islamic finance principles. Both multiple-choice and true/false scenario-based questions will be included to simulate real-world financial decision-making.
To participate, teams must submit their completed application forms by 11:59 PM Maldivian time tomorrow. Each team is required to nominate a leader to coordinate answers and act as the main point of contact during the competition. The MMA will manage the online platform for the league rounds and provide technical support if needed.
The prize structure is designed to reward excellence: the champion team will receive MVR 10,000, the second-place team MVR 7,000, and the third-place team MVR 5,000.
To submit the Application: https://shorturl.at/awZ9B
With the deadline fast approaching, the MMA encourages all eligible youth to register promptly and take part in an initiative that combines learning, competition, and valuable rewards. Teams experiencing issues with the application form can contact the MMA via [email protected].
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Mary Naaz
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