Maldives Financial Review - Financial, Industry, Public and International

Banking

BML launches the Masveriyaa portal, offering full range of Islamic personal financing products to the fishing community

According to the announcement by BML, eligible fishermen who are registered with the National Fishermen’s Registry can now seamlessly apply for Islamic financing products through the user-friendly platform, Masveriyaa Portal.

In line with celebrating the Maldives' Fishermen's Day, which is celebrated on 10 December of each year, the Bank of Maldives (BML) has introduced the ‘Masveriyaa Portal’. These digital platforms,...

1 min read

Banking

BML welcomes new interns under its annual internship program

The Bank of Maldives (BML) has welcomed a new batch of interns under its annual internship program at a special ceremony.

less than a min read

Financial Sector

MMA announces winners of different categories in the MMA Tamweel FinLit Fest

The Maldives Monetary Authority (MMA) announced the participants who took home prices from the MMA Tamweel FinLit Fest.

3 min read

Public Sector

Government issues the permit for sustainable township development

The Government, through the Board of Investments, has issued the Permit for the development of the country’s first Sustainable Township Project under the Special Economic Zones Act on 10 December...

1 min read

Travel & Tourism

Maldivian partners with Air India to strengthen regional connectivity

Maldivian, the national airline of the Maldives, and Air India, India’s leading global airline, have entered into a bilateral agreement aimed at enhancing connectivity between the two countries and improving...

1 min read

Public Sector

IOM, Japan support the Maldives in strengthening border health security and safe mobility

The Maldives has taken a significant step toward reinforcing its border health security and operational resilience, marking the successful conclusion of the Government of Japan-funded project Strengthening Capacity of Border Control...

4 min read

Gross domestic product (GDP)	2021	2020	2019
Real GDP growth rate %	13.5%	-29.3%	7.0%
Nominal GDP (MVR) Millions of MVR	66,371.9	57,941.6	86,787.9
Nominal GDP (USD) Millions of USD	4,304.3	3,757.6	5,628.3
Nominal GDP per capita USD	7,573	6,741	10,541

Tourism Sector	2020	2019
Total tourist arrivals thousands	555.5	1703
Tourist bednights thousands	3,985	10,689
Occupancy rate %	26%	62%
Average stay days	18.5	6.3

Maldives National Debt 94,001,001,001.00 MVR for every single Maldivian

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Financial Sector

MMA convenes the inaugural meeting of the Maldives Islamic Finance Strategic Advisory Council

1 min read

The Maldives Monetary Authority (MMA) convened the inaugural meeting of the Maldives Islamic Finance Strategic Advisory Council (MIFSAC) on 12 December 2025. 

Public Sector

MWSC hosts staff night to celebrate the dedication and achievements of the employees

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The MWSC Staff Award Night 2025 was held at Male’ City Hall Ground, an annual event celebrating the dedication and achievements of the company’s employees.

Public Sector

MWSC signs project for the development of water and sewerage facilies in the newly reclaimed areas

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On 13 December 2025, the Managing Director of the Male' Water and Sewerage Company Pvt. Ltd. (MWSC), Abdul Matheen, arrived at Raa Atoll Dhuvaafaru for the signing ceremony for the...

Travel & Tourism

Maldives welcomes 2 million tourists, exceeding 90 percent of annual target

2 min read

Maldives Tourism Updates, published by the Ministry of Tourism and Environment indicate that total tourist arrivals to the country has reached 2.0 million by 26 November 2025, reflecting an increase...

Banking

BML introduces Visa's prestigious infinite credit card to the Maldives

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The Bank of Maldives (BML), the leading financial institution in the nation, and Visa, a global leader in digital payments, today announced the launch of the Visa Infinite credit card,...

Travel & Tourism

Maldives wins World’s Leading Destination for the sixth consecutive year and World’s Leading Green Destination for the second year at World Travel Awards 2025

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The Maldives has once again secured its position as a global tourism leader after being named World’s Leading Destination 2025 for the sixth consecutive year and World’s Leading Green Destination...

Public Sector

Third Amendment to the Former Presidents’ Protection and Benefit Act ratified

1 min read

President Dr Mohamed Muizzu has ratified the Bill for the Third Amendment to the Former Presidents’ Protection and Benefit Act (Act No. 9/2019). The Bill was passed by the 20th...

Public Sector

President ratifies the 16th Amendment to the Maldives Tourism Act

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President Dr Mohamed Muizzu has ratified the 16th Amendment to the Maldives Tourism Act (Act No. 2/99).

Public Sector

President ratifies Zakat Bill

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President Dr Mohamed Muizzu has ratified the Zakat Bill (Act No. Act No. 25/2025).

Public Sector

President ratifies the Third Amendment to the Drugs Act

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President Dr Mohamed Muizzu has ratified the Third Amendment to the Drugs Act (Act No. 17/2011).

Travel & Tourism

MACL celebrates the graduation of 42 students from ‘Hunaru Vehi’ vocational taining program

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On 04 December 2025, the Maldives Airports Company Ltd (MACL) announced that forty-two students have successfully completed the National Certificate Level 03 course in Electrical Installation & Maintenance and Fashion...

Travel & Tourism

Etihad commences operations at Terminal 1 of VIA

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On 05 December 2025, the Maldives Airports Company Ltd. (MACL) announced the continued expansin of the operations at the airports new terminal with Etihad airways commencing its operations at Terminal...