Hiyaavehi Scheme Surpasses MVR 1 Billion in Loan Approvals

The Ministry of Construction, Housing and Infrastructure announced that the Hiyaavehi Housing Scheme has surpassed MVR 1 billion in loan approvals, with 820 applicants approved. The scheme, opened early last year, offers loans under Islamic finance principles at a 5% profit rate with up to 25-year repayment. It includes a three-tier structure, but details beyond the Atoll Scheme (up to MVR 1 million) are truncated in the article.

The Ministry of Construction, Housing and Infrastructure announced that the Hiyaavehi Housing Scheme has surpassed MVR 1 billion in loan approvals, with 820 applicants approved. The scheme, opened early last year, offers loans under Islamic finance principles at a 5% profit rate with up to 25-year repayment. It includes a three-tier structure, but details beyond the Atoll Scheme (up to MVR 1 million) are truncated in the article.

The Ministry of Construction, Housing and Infrastructure announced that the Hiyaavehi Housing Scheme has surpassed MVR 1 billion in loan approvals, with 820 applicants approved. The scheme, opened early last year, offers loans under Islamic finance principles at a 5% profit rate with up to 25-year repayment. It includes a three-tier structure, but details beyond the Atoll Scheme (up to MVR 1 million) are truncated in the article.

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