Maldives Builds Multipurpose Waqf Complexes Across Four Atolls to Fund Islamic Sector

The Ministry of Islamic Affairs and Endowments is advancing the construction of new Waqf buildings across four atolls, establishing a network of sustainable, income-generating assets to support the nation's religious sector. This initiative fulfills a key pledge by President Dr. Mohamed Muizzu to expand the national Waqf Fund and create permanent resources for Islamic development. Development is currently underway in Thinadhoo City, Kulhudhuffushi City, Vilingili in Gaafu Alifu Atoll, and Hithadhoo in Addu City. The projects in Thinadhoo, Kulhudhuffushi, and Vilingili were awarded on November 6 last year, with each valued at approximately USD 648,508. A larger development in Addu City, valued at USD 1.3 million, was signed on November 5. These modern facilities are designed as multipurpose complexes featuring state-of-the-art offices, residential accommodation units, and commercial spaces. To empower regional communities, the ministry has mandated that revenue generated from these buildings will remain within their respective atolls. Local councils will manage these funds under ministerial guidance to maintain local mosques and finance community religious activities. Beyond the regional projects, the government is progressing with major Waqf developments in the capital, Malé, and the urban hub of Hulhumalé. These larger facilities are expected to be significant revenue drivers; the Malé project is projected to generate over USD 640,000 annually, while the Hulhumalé development is estimated to bring in USD 3.9 million per year. To ensure a balanced distribution of wealth, the ministry announced that 20 percent of the revenue from the Malé and Hulhumalé facilities will be deposited into the Maldives Zakat House. The remaining 80 percent will be allocated to the Islamic Waqf Fund to strengthen religious initiatives on a national scale.