Islamic Ministry increases Nisab for Zakat al-Mal 2022
Malé, Maldives - Ministry of Islamic Affairs on Sunday announced that the Nisab amount for Zakat al-Mal starting Thursday is MVR 7241.15. This is an increase of MVR 362.95 from… Continued
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MMA issues Payment Service Provider’s Licence to four additional parties
Malé, Maldives - Maldives Monetary Authority (MMA) has issued Payment Provider's Licenses to four additional parties on Thursday. The service providers may provide the following services under the license, VTT… Continued
Addu City Council earns MVR 1.4 million in February 2022
Addu City, Maldives - Addu City Council on Thursday announced that the council has earned MVR 1.4 million in February 2022. The monthly financial report released by the city council… Continued
MNU invites to open four shops at Hithadhoo Campus
Addu City, Maldives - Maldives National University (MNU) has opened bidding to open four shops at the MNU Addu City Hithadhoo campus. Interested parties are invited to submit proposals before… Continued
BML launches small grants for community organisations
Malé, Maldives - Bank of Maldives (BML) has introduced the BML Small Grants fund as part of the series of 12 high impact monthly community initiatives to celebrate the Bank’s… Continued
Alhan to sue MMA over Ponzi allegations
Malé, Maldives - Former Parliament Member and owner of King's Forex Trading Alhan Fahumy has decided to sue Maldives Monetary Authority (MMA) over allegations of running a Ponzi scheme. Denying… Continued
Application for 27 land plots open in Addu tourism zone
Addu City, Maldives - Applications for the remaining 27 land plots from the Addu tourism zone are now open. Among the plots that are currently open for application are the… Continued
BML freezes Alhan Fahmy’s company accounts amidst Ponzi scheme allegations
Malé, Maldives - The Bank of Maldives (BML) accounts of former Member of Parliament for Feydhoo constituency Alhan Fahmy's company King's Forex Trading has been frozen with serious allegations of… Continued
MMA warns against Ponzi scheme
Malé, Maldives - Fraud investment schemes are on the rise, wants central bank Maldives Monetary Authority (MMA). In a statement released by the authority on Thursday night, MMA cautioned the… Continued
Mojay Global Holding to launch the first Digital Bank of Maldives
Malé, Maldives - Mojay Global Holding Limited has announced the launch of its fintech project ‘Digital Bank of Maldives (DBM)’ a first in the Maldives. The Dubai based Investment Holding… Continued
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