MIB Q3 profit rises 44% to MVR 133 million

MIB Q3 profit rises 44% to MVR 133 million Summary: Maldives Islamic Bank recorded a net profit of MVR 133 million in Q3 2026, up 44% year-on-year, as revenue, deposits, financing and total assets continued to grow.

Mohamed Hilmy

02 November 2026, 13:25

Maldives Islamic Bank (MIB) recorded a net profit of MVR 133 million in the third quarter of 2026, up 44% from the same period last year.

Profit also increased 19.4% from MVR 111.4 million in the second quarter.

Total revenue reached MVR 296.9 million during the quarter, increasing 4.3% from Q2 and 29.6% year-on-year.

Operating profit before provisions rose to MVR 177.7 million, compared with MVR 169.8 million in the previous quarter.

MIB’s total assets reached MVR 20.3 billion at the end of September, representing growth of 5.2% during the quarter and 35.8% compared with the same period last year.

Customer deposits increased to MVR 17.16 billion, up 5.8% from the previous quarter and 41.6% year-on-year.

Net financing stood at MVR 9.48 billion, increasing 5.2% quarter-on-quarter and 34.1% from a year earlier.

The bank also recorded continued growth in digital banking activity, with 33.67 million digital banking actions during the quarter, up 12.4% from Q2.

MIB’s earnings per share increased to MVR 5.55, while its capital adequacy ratio stood at 16.61% at the end of the quarter.

MIB Q3 profit rises 44% to MVR 133 million

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