The Maldives Monetary Authority (MMA) has allowed the Maldives Islamic Bank (MIB) to disperse shares earned from profit procured in 2019, MIB has declared.
The Annual General Meeting of the MIB was held on July 23, 2020, where it was passed to disperse MVR 1.575 per share. MIB expressed that the profit shares would be dispersed through deposits given by the shareholders.
36 percent of the shares in MIB is held by Islamic Corporation for Development of Private Sector (ICD), while 28 percent of the offers are held by the state. 10.53 percent of the offers are additionally held by the Pension Office while Amana Takaful holds 5 percent of the shares. The excess shares of 20.47 percent is held by the general public.