New SOE to manage mosques and waqf

6 hours ago

“Maldives Awqaf Investments Limited”, a new government company, has been established by President Dr Mohamed Muizzu this Saturday.  The President’s Office said the company was created to fund religious activities and to develop and maintain mosques and endowment properties. The office said the company is 100 percent government-owned. Awqaf refers to assets donated, bequeathed or purchased to be held in perpetual trust for