MHA successfully closes MVR 30M Sukuk

2 days ago

MHA Private Limited has successfully closed its MVR 30 million Sukuk to finance the development of “MHA Promenade” in Hulhumalé. Structured under a Parallel Istisna’ arrangement, the five-year Sukuk carries a profit rate of 8 perent per annum, with profit distributions to investors to be made on a semi-annual basis. The issuance comprises 30,000 Sukuk certificates, each with a nominal value