Maldives Islamic Bank

Banking and Finance

Registration no: C-0255/2010

About: Maldives Islamic Bank (MIB) is the First Islamic Bank in the Maldives. MIB is collaboration between Islamic Corporation for the Development of the Private Sector (ICD) which holds 75% share and the Government of Maldives represented by the Ministry of Finance and Treasury, owning the balance 25%. MIB aims to provide an alternative to the public and businesses who wish to avail themselves to banking transactions and dealings in strict compliance to Islamic banking principles.

Vision: To be recognized as the leader and preferred partner in Shariah banking and an active player in the promotion and development of Islamic banking in Maldives.

Mission: To serve as a trusted provider of Islamic financial products and services by focusing on the following key Objectives: Raising public awareness of Shariah financial services, creating values for customers, shareholders, employees and other stakeholder, meeting the bank's financial goals , attracting, training and retaining staff that are best able to accomplish the mission of MIB, creating a rewarding, challenging, supportive and trusting work environment, constantly exceeding customer's expectations, and proactively growing and developing valuable long-term customer relationships.

Non Executive

Najmul Hassan

Chairman & Director

ICD

Vacant

Executive

Chief Executive Officer

GoM

Executive

Ali Wasif

Chief Financial Officer & Director

GoM

Non Executive

Mohamed Naseem Ibrahim

Director

GoM

Non Executive

Hassan Mohamed

Director

GoM

Non Executive

Nasser Mohammed Al-Thekair

Director

ICD

Non Executive

Mr. Moez Baccar

Director

ICD

Non Executive

Ali Shareef

Director

Pension Office

Non Executive

Ahmed Ali

Director

Public

Non Executive

Rajiv Nandlal Dvivedi

Independent Director

GoM

Non Executive

Kazi Abu Muhammad Majedur Rahman

Independent Director

GoM

*displays changes during the selected period.



Name Type Designation Effective Date Resigned/removed date
Type Name %
Government The Government of the Maldives 28.00%
Investors Islamic Corporation for the Development of the Private Sector (ICD) 36.00%
Investors Amana Takaful (Maldives ) Plc 5.00%
Public Maldives Pension Administration Office 10.53%
Public General Public 20.47%