Cover Background Backgroun image Backgroun image Backgroun image

The Islamic Corporation for the Development of the Private Sector (ICD) and Amana Takaful (MALDIVES) PLC a Collaborative Partnership Agreement

A “Collaborative Partnership” Memorandum of Understanding was signed on the 13th of May 2023 between The Islamic Corporation for the Development of the Private Sector (ICD) and Amana Takaful (Maldives) PLC (ATM) to explore and identify investment, financing, advisory services, and development of Takaful operations in CIS countries and worldwide that are of mutual benefit to both Parties and to promote sustainable socio-economic development within the bounds of Shari’ah.

Constituent to the agreement, a framework of cooperation between the partners will encompass several specific areas working together to support member states. Furthermore, the partners will consult each other to develop specific instruments or agreements for implementing the various activities they undertake to give effect to the joint cooperation.

The Islamic Corporation for the Development of the Private Sector (ICD) is a multilateral organization affiliated with the Islamic Development Bank (IsDB). Headquartered in Jeddah, ICD was established by the IsDB Board of Governors in 1999. The mandate of ICD is to support the economic development of its member countries by providing financial assistance to private sector projects in accordance with the principles of Shari’ah. On the hand, ATM is a fully-fledged Takaful operator, the pioneer of Islamic Finance in the Maldives Islands. The company has thrived for the last two decades, successfully pacifying challenges and making a firm foothold as a leading financial institution in the Maldives.

The Memorandum of Understanding (MoU) was officially signed by Mr. Mohamed Azmeer, the Managing Director of Amana Bank, Sri Lanka, acting on behalf of Mr. Osman Kassim, the Deputy Chairman of Amana Takaful Maldives PLC. Due to Mr. Kassim’s prior commitments from Jeddah, he was unable to attend the singing session personally. Mr. Hani Sambol, the acting CEO of ICD, represented ICD and signed the MoU on their behalf.

13th Annual General Meeting With Robust Growth and Financial Milestones

13th Annual General Meeting With Robust Growth and Financial Milestones

Find Out More
SUSTAINABLE GROWTH IN CHALLENGING TIMES - 12th Annual General Meeting

SUSTAINABLE GROWTH IN CHALLENGING TIMES - 12th Annual General Meeting

Find Out More
Our signature Advocacy program with Dharumavantha School

Our signature Advocacy program with Dharumavantha School

Find Out More
The Islamic Corporation for the Development of the Private Sector (ICD) and Amana Takaful (MALDIVES) PLC a Collaborative Partnership Agreement

The Islamic Corporation for the Development of the Private Sector (ICD) and Amana Takaful (MALDIVES) PLC a Collaborative Partnership Agreement

Find Out More
Amana Takaful Maldives – 10 Years of Surplus Distribution

Amana Takaful Maldives – 10 Years of Surplus Distribution

Find Out More
Amana Takaful (Maldives) PLC DeclaresHighest Dividend Ever in its 11th AnnualGeneral Meeting

Amana Takaful (Maldives) PLC DeclaresHighest Dividend Ever in its 11th AnnualGeneral Meeting

Find Out More
Amana Takaful Maldives Successfully Concludes Workshop on Introduction to Islamic Banking and Takaful

Amana Takaful Maldives Successfully Concludes Workshop on Introduction to Islamic Banking and Takaful

Find Out More
Islamic Finance Forum

Islamic Finance Forum

Find Out More
Agent Felicitation Night

Agent Felicitation Night

Find Out More
Amana Takaful (Maldives) PLC bagged two Awards

Amana Takaful (Maldives) PLC bagged two Awards

Find Out More

Subscribe for the latest update