Maldives Islamic Bank (MIB) dedicated its stall at the Living Expo to Housing Finance

Maldives Islamic Bank (MIB) dedicated its stall at the Living Expo to Housing Finance

August 14, 2024 . Written by: Mohamed Shabhaan

The expo, held at Central Park in Hulhumale' from Thursday, August 8 to Saturday, August 10, provided information on MIB’s housing finance options for those interested in purchasing or building homes. Attendees received details about the required documents and the application process for housing finance.


MIB provides lowest rates in the market, ranging from 9 percent to 10 percent for purchasing flats. These rates were among the most attractive available, with several housing projects in Hulhumale' already underway, approved by MIB.


The bank emphasized its commitment to supporting projects from Maldivian companies and assessed the financial capacity of project implementers before approving finance. MIB’s thorough evaluation process earned public trust in the projects it endorsed.