Former Attorney General Azima Shakoor Ordered to Pay MVR 4 Million in Loan Dispute

Former Attorney General Aishath Azima Shakoor has been ordered by the Civil Court to pay over MVR 4 million to the Maldives Islamic Bank (MIB) related to a musharakah agreement for an apartment purchase. Shakoor, currently a mayoral candidate for Malé City, was not present when the judgment was delivered. The total amount owed is MVR 4,156,355, including principal of MVR 4,030,856 and charity of MVR 125,499. The court ordered monthly instalments over six months. The court also upheld MIB's mortgage rights on an apartment and a plot of land in Hulhumalé, which remain collateral until full payment.

Former Attorney General Aishath Azima Shakoor has been ordered by the Civil Court to pay over MVR 4 million to the Maldives Islamic Bank (MIB) related to a musharakah agreement for an apartment purchase. Shakoor, currently a mayoral candidate for Malé City, was not present when the judgment was delivered. The total amount owed is MVR 4,156,355, including principal of MVR 4,030,856 and charity of MVR 125,499. The court ordered monthly instalments over six months. The court also upheld MIB's mortgage rights on an apartment and a plot of land in Hulhumalé, which remain collateral until full payment.

Former Attorney General Aishath Azima Shakoor has been ordered by the Civil Court to pay over MVR 4 million to the Maldives Islamic Bank (MIB) related to a musharakah agreement for an apartment purchase. Shakoor, currently a mayoral candidate for Malé City, was not present when the judgment was delivered. The total amount owed is MVR 4,156,355, including principal of MVR 4,030,856 and charity of MVR 125,499. The court ordered monthly instalments over six months. The court also upheld MIB's mortgage rights on an apartment and a plot of land in Hulhumalé, which remain collateral until full payment.

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