MoU has been signed between First National Finance Corporation Pvt Ltd and Amana Takaful (Maldives) PLC to develop Islamic Finance in the Maldives. The signing of the Memorandum of Understanding between the two parties took place on 1st November at the office of First National Finance Corporation.
The MoU was signed by Mr. Hassan Ziyath, Chief Executive Officer of First National Finance Corporation, and Mr. Hareez Sulaiman, Managing Director at Amana Takaful (Maldives) PLC.
The main objective of signing the MoU is to establish a partnership with Amana Takaful (Maldives) PLC in order to develop Islamic finance in the domestic market by collaborating to structure Islamic finance instruments including debt and equity instruments in the Maldives as well as conduct market awareness programs.
