MPAO Approves Controversial MVR 2.4 Billion Bond Transaction Amid Resignations, Warnings
The Maldives Pension Administration Office (MPAO) board approved a controversial MVR 2.4 billion bond transaction on Monday, a day after...
Pension Fund Use Ahead of Sukuk Maturity Risks Deeper Crisis: Ameer
Former finance minister Ibrahim Ameer has warned that forcing the Maldives Pension Administration Office (MPAO) to fund government operations, with...
Yameen Slams Alleged 17% Loan Plan to Refinance Sukuk
Former president Abdulla Yameen Abdul Gayoom has criticised the Muizzu administration over an alleged plan to borrow at an interest...
Fayyaz Ismail Warns of ‘Dangerous Lack of Planning’ as USD 500m Sukuk Deadline Nears
Former Maldivian Democratic Party (MDP) chairperson Fayyaz Ismail has accused the Muizzu government of failing to plan for a major...
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...
