Maldives Islamic Bank (MIB) has signed an agreement with the Ministry of Economic Development to install ATMs in 19 additional islands, supporting President Dr Mohamed Muizzu’s pledge to improve financial accessibility across the nation.

At a ceremony held at the President's Office, the agreement was signed by Minister Mohamed Saeed on behalf of the ministry and Mufadal Idris Khumri, Managing Director of MIB. This expansion will increase MIB’s ATM services to 16 atolls, making essential financial services more accessible to residents in rural areas.

Minister Saeed highlighted the importance of this project in fostering a more inclusive digital economy, aligned with the President’s vision to ensure vital financial services reach every community. Expressing gratitude to MIB as a key partner, he noted that the expansion is crucial in bridging the financial divide across the Maldives.

Currently, MIB operates 39 ATMs nationwide, and this agreement will bring 23 more ATMs across the 19 islands, significantly expanding the bank’s reach and convenience for customers. MIB also aims to extend more services to rural areas, enhancing its commitment to financial inclusion and support for local communities.