ISRA Consulting, Kuala Lumpur, Malaysia

DEVELOPMENT OF A LEGAL AND REGULATORY FRAMEWORK FOR ISLAMIC FINANCE IN THE MALDIVES

Maldives Monetary Authority, Republic of Maldives | July 2013-November 2014

a) To prepare legal, regulatory, supervisory and Sharīʿah governance framework for Islamic banking and Takaful with a view to allow Islamic Banking and Finance to flourish and enable institutions to launch Sukuk.
b) To recommend the most appropriate accounting treatment for financial institutions and instruments, and identify the areas where these standards may differ from standards currently prevailing in the Maldives.

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