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Country story
Maldives
The Maldives introduced a specific Islamic Banking Regulation alongside its general Banking Act.
The framework licenses Islamic banking and governs Sharīʿah-compliance arrangements under the Maldives Monetary Authority.
The framework licenses Islamic banking and governs Sharīʿah-compliance arrangements under the Maldives Monetary Authority.
The case shows how Islamic banking is organised in a small island economy with narrow productive and external-financing constraints.
A clear regulatory form can coexist with limited data coverage and a highly concentrated economic structure.
Where a selected measure is unavailable, the site withholds the value rather than treating absence as zero.
Descriptive comparison
Gross capital formation
Latest available year: 2024.
Maldives
View chart data
| Series | Year | Gross capital formation (% of GDP) | Source note |
|---|---|---|---|
| Maldives · 2000 | 2,000 | 26.73 | Authorised country-level annual series |
| Maldives · 2001 | 2,001 | 26.73 | Authorised country-level annual series |
| Maldives · 2002 | 2,002 | 26.73 | Authorised country-level annual series |
| Maldives · 2003 | 2,003 | 26.73 | Authorised country-level annual series |
| Maldives · 2004 | 2,004 | 26.73 | Authorised country-level annual series |
| Maldives · 2005 | 2,005 | 26.73 | Authorised country-level annual series |
| Maldives · 2006 | 2,006 | 26.73 | Authorised country-level annual series |
| Maldives · 2007 | 2,007 | 26.73 | Authorised country-level annual series |
| Maldives · 2008 | 2,008 | 26.73 | Authorised country-level annual series |
| Maldives · 2009 | 2,009 | 26.73 | Authorised country-level annual series |
| Maldives · 2010 | 2,010 | 26.73 | Authorised country-level annual series |
| Maldives · 2011 | 2,011 | 26.73 | Authorised country-level annual series |
| Maldives · 2012 | 2,012 | 26.73 | Authorised country-level annual series |
| Maldives · 2013 | 2,013 | 26.73 | Authorised country-level annual series |
| Maldives · 2014 | 2,014 | 27.86 | Authorised country-level annual series |
| Maldives · 2015 | 2,015 | 31.9 | Authorised country-level annual series |
| Maldives · 2016 | 2,016 | 39.77 | Authorised country-level annual series |
| Maldives · 2017 | 2,017 | 42.82 | Authorised country-level annual series |
| Maldives · 2018 | 2,018 | 48.97 | Authorised country-level annual series |
| Maldives · 2019 | 2,019 | 43.16 | Authorised country-level annual series |
| Maldives · 2020 | 2,020 | 35.51 | Authorised country-level annual series |
| Maldives · 2021 | 2,021 | 25.19 | Authorised country-level annual series |
| Maldives · 2022 | 2,022 | 32.99 | Authorised country-level annual series |
| Maldives · 2023 | 2,023 | 33.05 | Authorised country-level annual series |
| Maldives · 2024 | 2,024 | 34.5 | Authorised country-level annual series |
What this visual showsA verified country trajectory in the measure’s stated unit.
What it does not establishA causal effect of Islamic finance on the observed outcome.
Descriptive comparison
Financing directed towards FIRE-related activities
Country-year medians by bank type. Each point reports its covered-bank count.
FIRE ordinarily refers to finance, insurance and real estate. Here the measure is broader: it captures bank financing reported for financial institutions, insurance, real estate and consumer-durable activities. It is used as a proxy for firm-level financialisation. The measure does not imply that every underlying financing claim is speculative, harmful or unproductive. It is a sectoral-allocation proxy and a level measure that is sensitive to bank size.
IslamicConventional
View chart data
| Series | Year | Logged FIRE-related financing volume (natural log) (natural-log units) | Source note |
|---|---|---|---|
| Islamic · 2011 | 2,011 | 16.64 | 1 covered bank |
| Conventional · 2012 | 2,012 | 27.43 | 1 covered bank |
| Islamic · 2012 | 2,012 | 20 | 1 covered bank |
| Conventional · 2013 | 2,013 | 27.5 | 1 covered bank |
| Islamic · 2013 | 2,013 | 21.15 | 1 covered bank |
| Conventional · 2014 | 2,014 | 27.48 | 1 covered bank |
| Islamic · 2014 | 2,014 | 21.61 | 1 covered bank |
| Conventional · 2015 | 2,015 | 27.56 | 1 covered bank |
| Islamic · 2015 | 2,015 | 21.53 | 1 covered bank |
| Conventional · 2016 | 2,016 | 27.72 | 1 covered bank |
| Islamic · 2016 | 2,016 | 22.07 | 1 covered bank |
| Conventional · 2017 | 2,017 | 27.85 | 1 covered bank |
| Islamic · 2017 | 2,017 | 22.76 | 1 covered bank |
| Conventional · 2018 | 2,018 | 27.85 | 1 covered bank |
| Islamic · 2018 | 2,018 | 22.79 | 1 covered bank |
| Conventional · 2019 | 2,019 | 27.87 | 1 covered bank |
| Islamic · 2019 | 2,019 | 23.22 | 1 covered bank |
| Conventional · 2020 | 2,020 | 27.64 | 1 covered bank |
| Islamic · 2020 | 2,020 | 23.08 | 1 covered bank |
| Conventional · 2021 | 2,021 | 27.64 | 1 covered bank |
| Islamic · 2021 | 2,021 | 23.1 | 1 covered bank |
| Conventional · 2022 | 2,022 | 27.2 | 1 covered bank |
| Islamic · 2022 | 2,022 | 22.8 | 1 covered bank |
What this visual showsDescriptive median logged volumes among covered banks.
What it does not establishA bank-size-adjusted or causal difference between bank types.
Institutional sources