Bank of Maldives launches multi‑billion dollar investment pool

The Bank of Maldives (BML) announced the creation of a dollar‑denominated investment pool that allows customers to place funds through customized panels and an online platform. The scheme is aimed at mobilising domestic savings for development projects and includes participation from various institutional investors.

The Malé municipal council is simultaneously seeking additional capital, reporting contributions of 7.59 million rufiyaa and other allocations to support municipal services. A separate financial update highlighted zakat collections of approximately 7.6 million rufiyaa, with portions earmarked for social welfare programmes and infrastructure.

Together, these initiatives represent a coordinated effort to channel private and charitable funds into the Maldives’ economic development agenda.