Seven-member board appointed to Awqaf, Izzuddin named Chairperson and Yameen MD
8 އޮކްޓޯބަރު 2026 | ބުރާސްފަތި 08:04The Privatization and Corporatization Board (PCB) has constituted a seven-member board of directors for Maldives Awqaf Investment, appointing Izzudheen Adnan as Chairperson and Yamin Idris as Managing Director. Established by the government, the company is mandated to develop waqf properties, facilitate mosque maintenance, and manage Sharia-compliant business ventures across the country.
Sheikh Izzuddin Adnan has been appointed as the Chairperson of the Waqf Corporation, while Yameen Idrees has been appointed as the company's Managing Director. | PCB
The members of the Board of Directors have been appointed to the "Maldives Awqaf Investments Limited" a new national waqf corporation established by the administration of President Dr. Mohamed Muizzu.
These appointments were made by the Privatization and Corporatization Board (PCB).
Sheikh Izzuddin Adnan has been appointed as the Chairperson of the company. Yameen Idris has been appointed as the Managing Director. He previously served as the Managing Director of the Maldives Hajj Corporation.
Furthermore, five additional members have been appointed to the Board of Directors of Awqaf. They are:
Dr. Mohamed Shujau
Hussain Shaam Adam
Maryam Nihayath
Abdulla Ali
Mohamed Hilmy
Maldives Awqaf Investment Limited is a state-owned enterprise established to align with government policies in developing and maintaining waqf properties across the country to fund religious initiatives. The company is mandated to oversee the construction of mosques, facilitate the development of necessary facilities and resources for them, and engage in sustainable, Shariah-compliant business activities to support these objectives.
This company was established by a presidential decree issued by President Dr. Mohamed Muizzu on September 12, 2026 under the powers vested in him by the Companies Act.
While President Muizzu continues to establish new state-owned enterprises, the public is raising concerns over the dissolution of existing companies under the guise of cost-cutting, which has led to what many describe as the unfair dismissal of numerous employees.
