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The emergence of a distinct Islamic capital market, where investment and financing activities and products are structured in accordance with Shariah principles, is the outcome of a natural progression in the growth of the Islamic financial services industry.
The Capital Market Development Authority (CMDA) has taken numerous initiatives to develop a vibrant and thriving Islamic Capital Market in the Maldives. The vision of CMDA is to develop Islamic capital market parallel to the existing conventional capital market in Maldives
As part of the first initiative of the CMDA to implement its long term goal of developing an Islamic Capital Market in the Maldives, CMDA and IFSB jointly conducted the inaugural seminar on Islamic capital markets in the Maldives held on the 24th January 2008.
Islamic Capital Market Guidelines
Guidelines on Shariáh Compliance Review for Pre-IPO Securities (English)
Guidelines on Shariáh Compliance Review for Pre-IPO Securities (Dhivehi)
Approved Shariáh Concepts and Principles (English)
Seminars, Workshops and Training
Seminar on Islamic Capital Market in the Maldives
Workshop on the Progress of Islamic Capital Market
Research and Publications
Report On Developing a Corporate Bond and Sukuk Market in the Maldives
ICM Quarterly Bulletin (Qtr 3, 2011)
ICM Qyarterly Bulletin (Qtr 4, 2011)
