New Hulhumale' Branch Inauguration

Relocation and inauguration of the new Hulhumale’ Branch 

In line with the Bank’s strategic focus to enhance customer service, improve accessibility and convenience, Maldives Islamic Bank has today officially inaugurated the new Hulhumale’ Branch and its ATM centre at One Avenue, Fithuroanu Magu, Hulhumale’. The new premises was inaugurated by the Governor of the Maldives Monetary Authority (MMA), Mr. Ali Hashim in a ceremony held this evening. 

“In the continued development of Hulhumale’ towards the residential, commercial hub of the Maldives, we are dedicated to expanding and facilitating Banking convenience in the Greater Male’ Region by this newly opened branch and our alternative distribution channels through ATM network, POS terminals and other digital banking services” said Mufaddal Idrees Khumri, Managing Director and Chief Executive Officer of Maldives Islamic Bank. 

Commenting on the opening of the Hulhumale’ Branch, Governor of MMA, Mr. Ali Hashim highlighted on the long journey since the inception of first Islamic banking and financial institution in Maldives and its role in providing an alternative to conventional banking and financing. 

In the event held today to mark opening of the new branch facility, MIB also launched a Hajj Savings Account, a new deposit product tailor made to cater to individuals intending to save money to fulfil Hajj pilgrimage. Mr. Mufaddal Idrees Khumri, MD & CEO of Maldives Islamic Bank, remarked on the launch of Hajj savings account stating, “As the nation’s first and only full-fledged Islamic Bank, we are privileged to inspire and facilitate our customers to fulfil an important pillar of our faith”.

Maldives Islamic Bank currently facilitates community of the Hulhumale’ via the new branch and 3 ATM facilities at different locations.