President Dr. Mohamed Muizzu has said that the goal is to make the Maldives a country that is advanced in the field of Islamic finance along with digital economic changes. He said this while speaking at the inauguration of the Maldives Islamic Social Finance Initiative. President Dr. Mohamed Muizzu said that ensuring that every individual in society has the opportunity to live with dignity and respect is important to achieve real development.
The President said that with the Maldives Islamic Social Finance Initiative (MISFI) inaugurated today, relationships between the financial sector and civil society organizations will be strengthened, and a robust system will be established to help those in need in the society.
“The government is ready to make the necessary changes to laws and regulations to make this a reality. As we work towards this goal, we must recognize that a country’s development is not only measured by its economic progress, but it is a goal that is achieved by providing everyone with the opportunity to live in society with dignity and respect,” the President said.
The President said that the goal is to make the Maldives a country that is advanced in the field of Islamic finance along with digital economic changes. He also said that the Maldives Finance Initiative is a project that will increase the participation of others in financial matters and help achieve important aspects included in the national development plan.
The President highlighted that helping those in need in society, establishing justice, and establishing social equality, which are among the principles always accepted by Maldivians, are the goals that are being worked on to achieve under this initiative. In this regard, the President said that through charity, waqf, and Islamic crowd funding, along with the Islamic banking system, vulnerable people in society will be financially empowered and social justice will be established.
