Nasheed Warns of Default Risks as Maldives Struggles With $500M Sukuk
The Maldives is facing mounting investor scepticism over plans to refinance a $500 million Sukuk bond maturing in April 2026,...
Maldives Will Not Default on Sukuk: Finance Minister
The Maldives will not default on the US$25 million coupon payment for the Sukuk, Minister of Finance Mohamed Shafeeq has...
Investor Panic Grows Over Potential Maldives Sukuk Default
Investors are increasingly offloading Islamic bonds from the Maldives amid rising fears that the nation could default on its debt,...
IUM to Raise Funds for ‘Sanaabil’ Project Through Sukuk Issue
The Islamic University of Maldives (IUM) has initiated a sukuk issuance to secure funding for the ‘Sanaabil’ project, aimed at...
SDF Reserves To Be Exclusively Converted to USD
The Ministry of Finance, in a bid to convert the currency accumulated in the Sovereign Development Fund (SDF) entirely to...
