President says Maldives Awqaf Investments will bring new vitality to religious affairs

President Dr. Mohamed Muizzu said on Saturday evening that the newly established Maldives Awqaf Investments Limited will bring renewed strength and vitality to religious affairs in the Maldives, and marks an important step towards the government’s vision of making the country a developed nation by 2040.

He made the remarks while speaking at the ceremony held to commemorate 900 years since the Maldives embraced Islam.

The President said endowments hold a high status in Islamic jurisprudence, describing Waqf as a blessing with wide-ranging benefits for humanity. He said the endowment system has historically been one of the strongest pillars for strengthening economies and improving the welfare of individuals and communities.

Explaining its significance in Islamic history, President Muizzu noted that Waqf has played a major role in building capable people in various fields and uplifting societies.  

President Dr @MMuizzu and First Lady @sajidhaamohamed attend the official ceremony commemorating the day the Maldives embraced Islam, with senior Government officials in attendance. The ceremony marks a historic occasion that shaped the nation’s identity and heritage. pic.twitter.com/xFH1h3tXI3

— The President's Office (@presidencymv) September 12, 2026

“Intellectual and scientific minds have been nurtured. Mosques have been built as resources. Libraries, Islamic centres and other facilities for the general welfare of the Islamic community have been created through endowments,” he said.

The President said the government will continue to prioritise spending on religious activities to strengthen the Islamic environment in the Maldives. He added that the administration has a clear vision to build modern mosques and expand Sharia-compliant commercial ventures.

“With the help of Allah, the Maldives Awqaf Investments established today will bring new life to the country’s religious sector. It will reflect the value of our spending and contribute to resources that play an important role in national development,” he said.

Maldives Awqaf Investments Limited, established on Saturday, is a 100 percent government-owned company. Its mandate includes building, repairing and maintaining mosques across the country, and developing income-generating endowment properties and commercial projects.