Maldives' premier short-term investment fund has unveiled its second series, promising investors competitive returns in a market historically lacking diversified financial instruments.
Dhinaf-48, the newly launched tranche from Dhivehi Investment Profit Fund, opened with USD 40 million in investment opportunities, building on the remarkable success of its predecessor, Dhinaf-36.
The fund, operating under a license from the Capital Market Development Authority (CMDA), represents a significant milestone in the nation's financial sector development. Managed by Dhivehi Investment Partners (DIP), Dhinaf has positioned itself as a solution for both new and experienced investors seeking profitable, low-risk returns in an economy where identifying viable investment opportunities has traditionally proven challenging.
"We are pleased to witness the expansion of Maldives' capital market through such innovative financial products," Minister of Economic Development, Transport and Trade, Mohamed Saeed said at the launch event.
"This fund addresses a critical gap in our financial ecosystem, providing investors with credible alternatives while channeling capital into productive sectors of our economy."
The inaugural Dinaf-36 series demonstrated the fund's capability, completing its investment cycle in just eight months without any default. The tranche invested MVR 20 million across tourism, construction, and trade finance sectors, delivering scheduled profits to investors throughout the period.
Dhinaf-48 will maintain the same investment focus, offering terms ranging from six months to four years. The fund aims to provide better financial returns than those traditionally available in Maldives' financial markets, while enabling investors to diversify their portfolios.
Eligibility requirements include a minimum annual income of USD 324,254 for companies and USD 64,850 for individual investors, with a minimum investment ceiling of USD 3,242 per participant.
Despite concerns that the trading sector has remained underdeveloped relative to tourism demand, industry leaders see initiatives like Dhinaf as catalysts for broader economic diversification.
"The trade sector has not developed in itself. It is more of an industry that supports tourism," Minister Saeed acknowledged.
Favourable opportunities for business investments will bring growth to the entire economy of Maldives, he added.