Maldives’ Capital Market Development Authority partners Adl Capital to launch training program

Wednesday, 28 January 2015 00:00 - - {{hitsCtrl.values.hits}}

The Capital Market Development Authority of Maldives (CMDA), the regulator overseeing the capital markets in the Maldives, secured the services of Sri Lanka’s Adl Capital to conduct a three-day training program on fund management/investment advisory.

Adl Capital resource personnel Head of Corporate Finance Salahudheen Halaldheen (seated third from left) and Head of Special Projects Thalha Ismail (seated fourth from left) with the Senior Executive Committee of CMDA of Maldives and the participants This program was part of CMDA’s Capital Market Strategic Plan to educate and develoap professionals in the capital market sector. The sessions were very interactive and involved the active participation of those present. The program further served to highlight the significant growth potential for the capital market industry in the Maldives. The program witnessed the participation of several professionals, academics and stakeholders from various industries and included many distinguished personnel such as the CEO of CMDA, the CEO of the Pension Fund and the Registrar of Companies. Adl Capital Ltd., which specialises in the field of capital markets and Islamic finance in Sri Lanka, was also mandated to develop a comprehensive set of course materials that was used in this training program. Adl also formulated the examination that is to be used by the CMDA as a pre-requisite to the issue of licenses for individuals in fund management and investment advisory. Adl Capital’s subsidiary, Adl Asset Management, is also licensed as a market intermediary (investment manager) by the SEC, Sri Lanka. Several of its key employees have been also been invited to conduct presentations at various events all over the world. These include the UAE, Bahrain, Malaysia, Singapore, India, Pakistan, Bangladesh, Maldives and Sri Lanka.