3 min read
On 29 November 2021 the Maldives’ retail economy was virtually brought to a standstill. The Bank of Maldives, while doing some routine upgrades — that the company had failed to...
3 min read
On 13 October 2021, an official from the Maldives Pension Administration Office (MPAO) confirmed that its Chief Executive Officer, John Grindall, had been dismissed by the Board for breach of...
4 min read
On 22 September, the Housing Development Finance Corporation Plc (HDFC) announced the extension of the closing date of its Mudarabah Sukuk Issue No. 4 from 30 September to 31 October...
3 min read
As with other economies, the Maldives' economy requires an efficient financial system that moves funds from those people who save, to those who have productive investments opportunities. In order to...
4 min read
On 2 September 2021, the Government of Maldives issued another USD200 million Sukuk, or Islamic bond, in addition to the USD300 million issued in March (USD200 million) and April (USD100...
3 min read
The SME Development Finance Corporation (SDFC) holds heavy ground in strengthening the Maldives' entire SME industry. Even though the policies of SDFC is steered towards reaching out to as many...
5 min read
Islamic Finance was first introduced to the Maldives in 2003, with the establishment of Amana Takaful Maldives PLC, a full-fledged Takaful subsidiary of a Sri Lankan institution. At the time,...
4 min read
The concept of crowdfunding has been around for ages yet never given the full distinction it deserved until the past few decades. During and after the industrial revolution, most businesses...
6 min read
Almost 90 percent of the 8,000 businesses registered to pay taxes in the Maldives are Small, and Medium-sized Enterprises (SMEs). SMEs are important in that their contribution to employment and GDP...
