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Islamic Banking will dominate the Maldivian banking sector in future : Haaroon Haaris

Islamic Banking will dominate the Maldivian banking sector in future : Haaroon Haaris


Estimated time to read the article : 1 min, 46 secs

CEO of Maldives Islamic Bank Haaroon Haaris have said that Islamic Bank will dominate the Maldivian banking sector in future and that within 5 to 10 years the changes will be visible.

He said even now in Maldives Islamic Bank they have more than 40,000 customers. He said that their business is expanding at a rapid rate. He said that this proves how well received the bank is among the Maldivian public.

Haaris also shared some of his experiences in opening the first Islamic Bank of Maldives. He said that he faced various challenges in the early periods when they were trying to establish the bank. He said that he faced with many disappointing moments.

Haaris however said that he got support from a lot of people as well. Haaris noted the assistance received by Dr.Muhammad Shaheem Ali Saeed to establish the Islamic Bank during his time as the Minister of State for Islamic Affairs, and even after he became the Islamic Minister.

Haaris noted that Dr.Shaheem supported the venture saying that Maldives is a 100 percent Islamic nation and should have an Islamic Bank in Maldives. He said that Dr. Shaheem’s support was a huge factor in being able to establish the bank.