Applications Open for Third Phase of Murabahah RSW Financing Scheme
Applications have opened for the third phase of the Murabahah RSW Financing Scheme, a programme…
Section
Finance
MIRA Revises Instalment and Enforcement Policies, Expands Exemption to All Businesses
The Maldives Inland Revenue Authority (MIRA) has amended its Instalment Policy and Enforcement Policy, easing…
Affordable housing fund introduced to support first-time homebuyers in Malé
The Maldives Monetary Authority (MMA) has launched the Inclusive National Affordable Housing Scheme, a new…
ICAM Introduces Regulation for Valuation Service Providers
The Institute of Chartered Accountants of the Maldives (ICAM) has published the Regulation on the…
The Next Frontier for Maldivian Finance Lies in Skills, Not Titles
Across the world, the finance profession is evolving beyond traditional accounting and reporting. Today’s most…
SBI Maldives Temporarily Reduces Salary Remittance Limit to USD 150 for Indian Expatriates
State Bank of India (SBI) Maldives has temporarily reduced the salary remittance limit for Indian…
First National and Maldivian Red Crescent Launch Maldives’ First Blended Finance Initiative
First National Finance Corporation (First National) and the Maldivian Red Crescent (MRC) have launched the…
SDFC Begins Transforming Loans into Shariah-Compliant Facilities
The SME Development Finance Corporation (SDFC) has launched an initiative to convert its existing lending…
SDFC to Launch New Financing Scheme for Women Entrepreneurs
The SME Development Finance Corporation (SDFC) has announced plans to launch a dedicated Financing Scheme…
BML Lowers Home Purchase Financing Equity Requirement to 5%
The Bank of Maldives (BML) has announced a revision to its home purchase financing policy,…
SDFC Launches Specialised Financing to Support Maldives’ Creative Economy
The SME Development Finance Corporation (SDFC) has introduced a specialised financing scheme aimed at supporting…
Chinese Yuan Accounts and WeChat Pay Integration Rolled Out by BML
Bank of Maldives (BML) has introduced Chinese Yuan accounts for the first time in the…
12th Maldives Finance Forum Opens with Focus on Resilient and Inclusive Capital Market
The 12th edition of the annual Maldives Finance Forum, organised by the Pension Office, opened…
Favara Drives 20% Growth in Account Transfers as Cash Use Falls
The latest Payments Bulletin from the Maldives Monetary Authority (MMA) shows a sharp acceleration in…
Global Finance Adopts Quantum Technologies: Where Does Maldives Stand?
The World Economic Forum’s latest white paper on quantum technologies in financial services outlines a…
ADK Hospital to Commence MVR 120 Million Bond Issuance, Initial Tranche Set at MVR 50 Million
ADK Hospitals Private Limited is poised to open subscription for their MVR 120 million bond…
Digital Finance Quietly Expands Across the Maldives with Mobile Banking and Fintech Growth
The Maldives is witnessing a financial transformation as mobile banking, digital wallets, and fintech startups…
EyeCare Distributes MVR 3.4 Million in Second Sukuk Payout
EyeCare has successfully distributed MVR 3.4 million in its second Sukuk profit payout, reinforcing its…
India-Maldives Trade Transactions Can Now Be Settled in Local Currencies
The Reserve Bank of India (RBI) has announced that bilateral trade transactions between India and…
IAA Maldives Established to Strengthen Internal Auditing in the Maldives
The Internal Audit Association of Maldives (IAA Maldives) has been formally established, marking a significant…
SDFC to Open Applications for Viyafaari Ehee Loan on 16 March
The SME Development Finance Corporation (SDFC) has announced that applications for its Viyafaari Ehee Loan will open…
MMA Introduces MVR 5 Million Fund to Boost Islamic Finance Education
The Maldives Monetary Authority (MMA) has launched the Tamveel Islamic Finance Initiative to enhance public awareness and…