Due Date: 14 September 2023 14:00 Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by International Finance Corporation (IFC of World Bank Group), Asian Development Bank and HDFC Investments Ltd. of India, jointly holding […]
HDFC updates product features of financing facilities for both home construction and home purchase. Under construction, the equity requirement has been reduced to 15% and tenure has been increased up to 25 years. This is currently the longest tenure period offered in the market. For home purchase, tenure has also increased to 25 years and […]
Housing Development Finance Corporation (HDFC), which provides loans for construction and renovation of houses, is all set to launch an Initial Public Offering (IPO). HDFC made the announcement at its 19th Annual General Meeting held in Meerumaa Hall on Monday. HDFC chairman Conrad D’Souza said the IP will be launched in the next three months. […]
Announcement – 19th AGM of HDFC HDFC held its 19th AGM on the 15th of May 2023, 15:30. During the AGM, the Financial Audited Statements of 2022 was approved. KPMG was appointed as the External Auditor for 2023. View official announcement below.
Regarding HDFC Bond and Sukuk Payments We are pleased to inform all our Bond and Sukuk Holders, that the payments for the below mentioned has been processed to the respective accounts as of 29th November 2022. Please contact HDFC at 3334666 for further information. 1st December 2022
Gedhoruveriyaa Scheme Gedhoruveriya Loan is the government’s national housing loan scheme and part of the government’s pledge to introduce nationwide affordable housing options to ensure dignified lives for all. This is the first loan with the lowest interest of 6% ever introduced for residents outside greater Male region and allows up to 20 years for […]
HDFC launches a new product to the product portfolio – Lease Buyout With the addition of the new product, “Lease Buyout” it would enable customers to facilitate finance more effortlessly to buyout the remainder of the long-term lease from the contractor while full or a part of the property is being developed by the contractor […]
MUDARABAH SUKUK ISSUE NO. 4 HDFC Maldives has published our 4th Mudarabah Sukuk Issue on the 22nd of August, open to the public which offers 200,000 Sukuks with a face value of Maldivian Rufiyaa (MVR) 1,000 per Sukuk, at the total value of MVR 200,000,000 (Two hundred million), with a semi-annual profit share ratio of […]
