Maldives Islamic Bank to Establish Sales Center and ATM in R. Ungoofaaru

Maldives Islamic Bank (MIB) has signed an agreement to establish a sales center and an ATM in R. Ungoofaaru, expanding its services to the island.The agreement was formalized in a signing ceremony ...

Mohamed Hilmy

24 January 2025, 00:00

Maldives Islamic Bank (MIB) has signed an agreement to establish a sales center and an ATM in R. Ungoofaaru, expanding its services to the island.

The agreement was formalized in a signing ceremony between MIB and the Ungoofaaru Council. Abdullah Rasheed, President of the Ungoofaaru Council, signed on behalf of the council, while Mufaddal Idris Humri, Managing Director and CEO of MIB, represented the bank.

MIB stated that this initiative aligns with the government’s broader efforts to enhance banking services across the Maldives. The bank is also working to install ATMs in 19 additional islands this year, reflecting its commitment to providing greater financial accessibility nationwide.

In Raa Atoll, MIB has already installed ATMs in Hulhudhuffaaru and Dhuvaafaru, with Ungoofaaru becoming the latest addition to its network.

This expansion highlights MIB’s dedication to supporting local communities by offering convenient and efficient banking solutions, fostering economic growth in the region.

Maldives Islamic Bank to Establish Sales Center and ATM in R. Ungoofaaru

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