As part of efforts to expand Islamic infrastructure, the government has earmarked land for the construction of a dedicated Waqf building in honour of the Holy Quran, according to President Dr Mohamed Muizzu. The initiative, the president said, focuses on Waqf property investments and mosque construction across the country, and it is expected to generate significant revenue to support religious affairs while advancing key Islamic institutions.
A key component of the plan is the construction of a dedicated Waqf building in honour of the Holy Quran, set to be developed on land previously designated for the Coral Boulevard project near Rasfannu beach, the president confirmed. Of the 70,000-square-foot plot, the president revealed that 10,000 square feet has been allocated for the structure.
In addition to this project, two other Waqf developments—the Dar al-Salam Islamic Complex in Hulhumalé Phase 1 and Dar al-Arqam in Malé—are planned to rise to 12 storeys, reinforcing the country's Islamic infrastructure and expanding its financial base.
In remarks to the media, President Muizzu underscored the broader economic impact of these initiatives. Currently, the country operates a single Waqf building, Dar al-Iman in Malé, which yields USD 0.39 million annually. With the completion of the new Waqf properties in Hulhumalé and Malé, revenue projections indicate an increase to USD 3.24 million per year, strengthening the financial sustainability of Islamic programmes.
The expanded income stream, President Muizzu elaborated, is expected to support Islamic initiatives without reliance on the national budget. Beyond the capital, a Waqf programme has been launched to extend similar investments to the outer atolls, ensuring religious infrastructure development across the nation.
As part of the broader strategy, the government is accelerating its mosque construction programme. According to the president, 21 mosque projects are currently in progress, with contracts finalised for 17.
"Many of these projects are expected to be completed this year, while the remaining developments will conclude in 2026," President Muizzu stated. "This marks the highest number of mosques built in a single year. Further expansions, including new Islamic centres and Quranic facilities, are planned for the coming year."