Maldives government takes small steps towards growth of Islamic finance industry (By IFN)

Monday 26^th November 2012

MALDIVES: The government will receive US$7 million in funds from the IDB in aid of the development of the country’s Islamic finance industry, as part of a wider project to spur the growth of small and medium-sized enterprises.

The US$20 million project is spearheaded by the government and the IDB together with the Asian Development Bank; and will also see the launch of a credit guarantee scheme which will utilize the US$7 million-worth of IDB funds.

 See: http://www.islamicfinancenews.com/