Maldives Islamic Bank (MIB) introduced new products, including FaisaWear, luxury payment rings that allow customers to make payments with a tap, marking an innovation in the Maldivian market. The bank also launched FaisaMobilex, an upgraded mobile banking app, and Bingaa, a suite of kids' accounts designed to foster financial literacy. With these offerings, MIB strengthens its digital services and remains the only bank in the Maldives to provide instant account opening without requiring physical visits.