Following successful repayment of the Sukuk, Finance Ministry issues commemorative certificates to mark achievement
The Ministry of Finance has presented certificates of recognition to several recipients, including the ministry's political appointees and representatives from three distinct government institutions.
The nameplate of the Ministry of Finance, located on the exterior of the ministry's building.
The Ministry of Finance has issued commemorative certificates to mark the successful repayment of the USD 500 million sukuk previously issued by the Maldivian government to the international market.
In a Right to Information (RTI) request filed by Midhuam Saud, he sought details regarding any recognition provided following the settlement of the sukuk. The request asks for the identities of individuals or companies who received certificates of appreciation, commemorative documents, or similar awards for their involvement or assistance in the process.
In response to the inquiry, the Ministry of Finance shared details regarding the individuals and entities presented with commemorative certificates to mark the successful repayment of the sukuk.
The institutions involved include the Maldives Monetary Authority (MMA), the Maldives Inland Revenue Authority (MIRA), and the State Trading Organization (STO).
The delegation also included Ahmed Naseer, Advisor to the Minister of Finance; Mohamed Azad, Accountant General; State Ministers Hussain Sham Adam and Hassan Miras; Deputy Minister Ahmed Saaid Mustafa; Fathimath Qaaziya Fathuhy, Deputy Director General; and Legal Counsel Adam Miqdad.
The Ministry of Finance has not disclosed the reason for issuing certificates of recognition to commemorate the successful settlement of the sukuk. The decision to award these certificates to several of the ministry's political appointees has drawn widespread public criticism and concern.
