Maldives Islamic Bank reported Q1 2026 profits of MVR 113.5 million, up MVR 18.12 million from the previous quarter, with total assets growing 11.11% to MVR 18.50 billion. Operating profit reached MVR 163 million and customer deposits rose 12.89% to MVR 15.40 billion.
One outlet so far Only Maldives Islamic Bank has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
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This is an increase of MVR 18.12 million when compared to the previous quarter.
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the bank’s total assets increased by 11.11% from MVR 16.65 billion to MVR 18.50 billion
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recorded with 12.89% positive variance, compared to Q4 of 2025, bringing total deposits to MVR 15.40 billion by quarter end.
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Earlier reports gave 16 percent 25 Mar, 07:27 The Standard
we have observed an increase of more than MVR 5 billion between Q1 of 2025 and Q1 of 2026.
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Maldives Islamic Bank (MIB) has reported a strong financial performance for the first quarter (Q1) of 2026, recording profits of MVR 113.5 million
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During Q1 of 2026, MIB also supported CSR initiatives specifically in areas of education, culture, and sustainability through the STEM Hub Project, the Al-Lail Academy Qur’an Competition, and ongoing coral restoration under the MIB Faru initiative.
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