In a bold step toward reshaping the nation’s financial future, President Dr. Mohamed Muizzu has officially launched the Maldives Islamic Social Finance Initiative — a transformative policy direction that places Islamic principles of justice, compassion, and equity at the heart of national development.
Speaking at the ceremonial launch on Monday, President Muizzu framed the initiative as a crucial component of his administration’s vision to position the Maldives as a hub for Islamic finance and digital economic transformation. The initiative is closely aligned with the upcoming National Financial Inclusion Strategy and is seen as a cornerstone of the government’s broader goal to ensure inclusive and socially responsible growth.
“This initiative marks a strategic leap forward in achieving our national development agenda,” President Muizzu said, underscoring his administration’s commitment to aligning financial progress with Islamic values. He emphasized that true progress in society must not be measured by numbers alone, but by the dignity upheld, the hope kindled, and the opportunities extended to every citizen.
Highlighting the essence of the initiative, President Muizzu noted that Islamic social finance is rooted in the Maldives’ enduring values of compassion, justice, and social equity. “Our unified identity as a nation lies in these timeless principles. This initiative aims to realize these very values within our financial landscape,” he stated.
The President also expressed optimism that the initiative would foster strong collaborations between financial institutions and civil society organizations. By doing so, he hopes to bridge critical social gaps and ensure that underserved communities are not left behind in the country’s march toward prosperity.
Envisioning a future where the Maldives stands out on the global stage, President Muizzu reiterated his ambition to transform the country into a vibrant Islamic financial center, fueled by innovation and inclusivity.
The Maldives Islamic Social Finance Initiative is not just a policy announcement—it is a signal of a values-driven economic direction. With its launch, President Muizzu has sent a clear message: that under his leadership, economic growth will walk hand in hand with social responsibility and spiritual integrity.
