Malaysian news agency Bernama reports that an agreement has been signed between the Islamic Banking and Finance Institute Malaysia (IBFIM) and the Maldives Islamic Bank to develop Shariah-compliant ba...
One of largest banks in the US, Wachovia Corporation, “admitted it didn’t do enough to spot illicit funds in handling $378.4 billion for Mexican-currency-exchange houses from 2004 to 2007,” reports Bl...
The World Bank has granted more than Rf160,000 to two local NGOs for social projects, according to Haveeru Online.
The bank granted US$12,500 (Rf160,625) from its Civil Society Fund to the Live and Le...
The Maldives Monetary Authority (MMA) has confirmed that two banks have applied for the licence to establish an Islamic bank in the Maldives.
The first proposal is a public private partnership (PPP) b...
An internal World Bank bank report produced for the donor’s conference, called ‘Placing the Macro Challenge Facing the Maldives in Context’ has revealed the full extent of the economic challenge facin...
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The World Bank has issued a report saying the Maldives was on the verge of economic collapse in 2008 when President Mohamed Nasheed’s government was elected, reports Miadhu.
According to the report, b...
President Mohamed Nasheed met with World Bank Country Director, Naoko Ishii, at the President’s Office yesterday morning.
Ishii congratulated the president on behalf of World Bank’s Vice President for...
Police have arrested three men in connection with the armed robbery of Habib Bank’s country manager, Mohamed Anjul Jameel.
Chief inspector of police Mohamed Jamsheed identified the three men as Ali Sh...
The manager of Habib Bank in Male’ who was hospitalised after he was attacked by four masked men waiting outside his house last week, has told Haveeru he is “leaving, never to return.”
Pakistan-born...
