BML Islamic to issue MVR 350M loan to develop Waqf Fund

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Bank of Maldives Islamic (BML Islamic) has decided to issue an MVR 350 million shariah-complaint loan to undertake projects related to the development of the Waqf Fund, aimed at funding the promotion of religious matters. Islamic Minister Dr. Ismail Shaheem Ali Saeed signed multiple agreements pertaining to the development of the Waqf Fund. Islamic Ministry underscored the expansion of projects under Waqf