Maldives Islamic Bank has signed a MOU with Bajaj Capital of India

Maldives Islamic Bank (MIB) is excited to announce a strategic Memorandum of Understanding (MOU) with Bajaj Capital of India, marking a significant step towards mutual cooperation and market expansion. This collaboration aims to leverage Bajaj Capital’s extensive network and expertise to source new business opportunities and explore the vast potential of the Indian market.

This partnership initiates a focused marketing effort to introduce MIB’s innovative banking solutions to India. One of the first products to be promoted through this channel is the Non-Resident Foreigner Account, tailored specifically for Indian citizens. This account offers a unique opportunity for Indians, particularly given the growing demand for Islamic banking solutions.

This collaboration with Bajaj Capital positions MIB to make impactful strides in India, offering tailored financial products while expanding its footprint in the global Islamic banking sector.