The Ministry of Islamic Affairs and Maldives Islamic Bank signed an MoU to develop and manage the ministry-administered Zakat, Awqaf and Hajj funds. The ministry said it is holding consultative sessions with councils on Waqf endowment projects, which it said would increase religious education institutions in the atolls.
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Minister of Islamic Affair Mohamed Shaheem Ali Saeed and MIB's Managing Director and Chief Executive Officer Mufaddal Idris Khumr exchange the MoU on managing funds administered by the Ministry of Islamic Affairs on Wednesday, 20 December 2023.
Word for word from the report in Maldives Republic. Open the report
The purpose of this MoU is to facilitate the development of Zakat fund, Awqaf fund, and Hajj fund.
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