Bank of Maldives (BML) has announced this year’s recipients of their scholarship fund.

The initiative was launched in 2021 as the first of a series of 12 high-impact monthly community initiatives leading up to the country’s national bank’s 40th anniversary celebrated in November 2022.

The fund provides fully funded international scholarships for three students in the area of Banking and Finance every year. Open to all, the fund carries the purpose of developing talented young Maldivians in the field.

The country’s national bank revealed that Aminath Alyaa Shavin, Mohamed Saajiu Ismail and Mohamed Aik Ali received scholarship funds this year.

Students may select any e programme in a banking and finance related area such as financial technology, risk management, financial reporting and analytics, or financial engineering, revealed BML.

This initiative aims to re-invest the future of the country and will continue on as an annual event.

The merit-based international scholarship offers students to enroll in any undergraduate program from the top 200 universities in the world.

It is targeted for academically commendable students to contribute to the development of the country’s banking and finance sector.

Congratulating the winners, BML’s CEO and Managing Director Karl Stumke revealed that the winners of this year’s scholarship have exceptional academic achievements and leadership potential to become the changemakers of tomorrow.

He added that supporting the academic growth of young adults with a dedication to their communities is a great way for the bank to give back and invest in the future of the country.

The three recipients of the BML scholarship fund 2022, Ahmed Nisaal Abdulla, Aminath Maisa Niyaz and Ismail Zakwan Shihad are currently studying in the United Kingdom and Australia.