Maldives Islamic Bank (MIB) has reported a net profit of MVR 282 million for the previous fiscal year, marking another year of strong financial performance.

The bank announced that its total assets exceeded MVR 10 billion in November 2024 and closed the year with an asset value of MVR 11.4 billion.

In its Q4 financial report, MIB stated that 2024 was a highly successful year, driven by growing public trust and the bank’s efforts to enhance accessibility to banking services.

One of MIB’s standout achievements is being the only bank in the Maldives to offer instant account opening services without requiring a branch visit. This service is available for both personal and business accounts, making banking more convenient for customers.

Additionally, MIB won two international awards in the last quarter of 2024, further solidifying its position as a leading financial institution.

With these milestones, the bank has announced ambitious plans for further expansion and service improvements in 2025.