{"id":16061,"date":"2025-05-19T02:15:27","date_gmt":"2025-05-18T21:15:27","guid":{"rendered":"https:\/\/mbt.mv\/?p=16061"},"modified":"2025-05-19T02:15:27","modified_gmt":"2025-05-18T21:15:27","slug":"bml-islamic-launches-maldives-first-fully-funded-shariah-compliant-resort-financing","status":"publish","type":"post","link":"https:\/\/mbt.mv\/?p=16061","title":{"rendered":"BML Islamic Launches Maldives\u2019 First Fully Funded Shari\u2019ah-Compliant Resort Financing"},"content":{"rendered":"<p class=\"\" data-start=\"222\" data-end=\"490\">Bank of Maldives (BML) Islamic has announced a landmark development in the nation\u2019s financial sector, unveiling the first fully funded Shari\u2019ah-compliant corporate financing facility to support the construction of a new luxury resort in Kaafu Atoll\u2019s Kasanfaru Lagoon.<\/p>\n<p class=\"\" data-start=\"492\" data-end=\"772\">The project will see the development of a five-star, 118-room resort by Sentoric Island Pvt Ltd\u2014a joint venture between the prominent Maldivian conglomerate Alia Group and global hospitality brand Atmosphere Hotels &amp; Resorts, which currently operates nine resorts in the Maldives.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone  wp-image-16063\" src=\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-300x200.jpg\" alt=\"\" width=\"866\" height=\"577\" srcset=\"https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-300x200.jpg 300w, https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-1024x683.jpg 1024w, https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-768x512.jpg 768w, https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-1536x1024.jpg 1536w, https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-2048x1365.jpg 2048w, https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-150x100.jpg 150w, https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-450x300.jpg 450w, https:\/\/mbt.mv\/wp-content\/uploads\/2025\/05\/https___www.bankofmaldives.com_.mv_storage_article_775_9469_1747563822.17475638226003-1200x800.jpg 1200w\" sizes=\"(max-width: 866px) 100vw, 866px\" \/><\/p>\n<p class=\"\" data-start=\"774\" data-end=\"1303\">Describing the initiative as a significant milestone, BML CEO and Managing Director Mohamed Shareef highlighted its broader implications for Islamic finance in the country. \u201cThis is a significant step forward for Islamic finance in the Maldives,\u201d he stated. \u201cNot only is this the first resort project financed under BML Islamic, but it is also the first fully funded Shari\u2019ah-compliant resort financing in the country. It is a clear demonstration of the growing demand for Islamic financing instruments for the corporate sector.\u201d<\/p>\n<p class=\"\" data-start=\"1305\" data-end=\"1621\">The financing facility underlines BML\u2019s commitment to supporting innovation within the banking sector while staying true to the principles of responsible banking. The project is seen as a catalyst for future growth in Islamic corporate finance, particularly in sectors such as tourism and infrastructure development.<\/p>\n<p class=\"\" data-start=\"1623\" data-end=\"1822\">By facilitating this pioneering resort development, Bank of Maldives further cements its role as a financial leader dedicated to delivering ethical and inclusive banking solutions across the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bank of Maldives (BML) Islamic has announced a landmark development in the nation\u2019s financial sector, unveiling the first fully funded Shari\u2019ah-compliant corporate financing facility to support the construction of a new luxury resort in Kaafu Atoll\u2019s Kasanfaru Lagoon. The project will see the development of a five-star, 118-room resort by Sentoric Island Pvt Ltd\u2014a joint<\/p>\n","protected":false},"author":1,"featured_media":16062,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2423,2424,2506,2429,2931],"tags":[],"class_list":{"0":"post-16061","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"category-finance","9":"category-top-stories-block","10":"category-tourism","11":"category-travel"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BML Islamic Launches Maldives\u2019 First Fully Funded Shari\u2019ah-Compliant Resort Financing - Maldives Business Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mbt.mv\/?p=16061\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BML Islamic Launches Maldives\u2019 First Fully Funded Shari\u2019ah-Compliant Resort Financing - Maldives Business Times\" \/>\n<meta property=\"og:description\" content=\"Bank of Maldives (BML) Islamic has announced a landmark development in the nation\u2019s financial sector, unveiling the first fully funded Shari\u2019ah-compliant corporate financing facility to support the construction of a new luxury resort in Kaafu Atoll\u2019s Kasanfaru Lagoon. 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