SME Development Finance Corporation | Atoll Times

SME Development Finance Corporation

SDFC launches Shariah loans for local tourism

According to SDFC, the product provides financing arrangements that meet business needs while remaining in line with Shariah rules.

7 September 2025

BML says following legal process in SDFC acquisition

Maldives Monetary Authority (MMA) clarified that it had not declared the transaction unlawful.

BML acquires govt shares in SDFC, to finance MVR 500M

In its first year, BML expects to finance MVR 500 million through the subsidiary.

SDFC chief Fifsheen sacked

Fifsheen has over 20 years of experience at the Bank of Maldives (BML), where she served as the Head of Channel Management.

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Councils allowed to take on state guaranteed debt for projects

Under this policy, the state will not give any guarantee to the private sector.

19 December 2022

Applications open for vessel solar, refrigeration system aid

15 November 2022

SDFC introduces loans to craftsmen, taxi drivers

Nazim said the biggest relief for the loans is the lower interest rate and repayment period.

SDFC to set up Islamic bank for small businesses

Nazim said the new Islamic SME bank will provide all the services currently provided by commercial banks to small and medium enterprises.

Interest on SME Covid loans waived

The President said the biggest complaint he received during his door-to-door campaign was the difficulty in repaying loans.

22 September 2023

Parliament asks audit to probe HDC losses in free land scheme

HDC has suffered a loss of MVR 10.5 billion due to the allocation of free land in Hulhumale.