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MIB and APC sign an agreement to finance solar panels

Maldives Islamic Bank (MIB) has signed with Addu People's Corporative Society (APC) to finance solar panels. The agreement was signed by Head of Business of MIB Assad Muneer and Board Member of APC Ahmed Hisaan.

Speaking regarding the agreement, Hithadhoo MIB Branch Manager Shafraz Zaahir said enabling access to easy financial facility is well-received by the public. He added under the financing facility, solar panels sold by APC will be made available within a day.

Meanwhile, APC revealed three types of solar panels will be available under the agreement. APC said the solar panels will be insured until the payments for MIB are completed, adding any issues caused during the period will be solved by APC.