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Ensis Group lends interest-free loans for employees to complete finishing works on their Hiyaa units

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The Ensis Group has started to extend interest-free loans for its employees who had received social housing units under the “Hiyaa” project. The Hiyaa Project social housing units which were handed over to the public without its finishing works has resulted in the recipients struggling to complete the finishing works prior to the end of the grace period on its payment.

According to the Ensis Group, they will be extending the interest-free loans to all the staff members who had received units from the social housing project. They also stated that they would be doing it so in a manner which would be of least burden to their staff.

Ensis Groups Managing Director Abdul Wahid Thowfeeq stated that they not only provide a good work environment for their employees, but to even provide happiness for the families of those staff members.

“it is not just about giving employment. We need to provide welfare benefits for the employees in a larger scale. We need to help their families in achieving their life goals as well. We have always extended such aid to our fishermen even.” said Ensis Group Managing Director Abdul Wahid Thowfeeq.

 The Hiyaa housing units which were handed over without the completion of its finishing works has meant that the owners now have to spend MVR50,000- 200,000 to complete the finishing works before they can move in to the units.

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Treetop hospital giving scholarships to nursing students who finish from Villa College.

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Treetop hospital gives scholarships to nursing students of villa College to finish their coursework.

Treetop hospital announced that they have decided on this scholarship as a way to motivate students to get higher studies in the medical field. Treetop hospital stated that nursing is an important component of the medical field and they want to raise awareness about it and motivate them more. Students who have done nursing diplomas and undergraduate degree courses will be eligible for this scholarship.

The due date to apply for this scholarship is before September 23rd before 17:00. The scholarship is only open for Maldivian students who are not under any other scholarship when applying. Students who are currently studying, or newly joining villa College will also be eligible to apply for the scholarship before the due date.

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HDFC selling 200-million-rufiyaa Sukuk.

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Housing Development Finance Corporation (HDFC) is ready to sell 200-million-rufiyaa Sukuk to get funds for housing-related finance issues.

According to HDFC, it’s been decided that they will sell 1 Sukuk for 1000 rufiyaa. HDFC aims to sell 2 lakh slots of Sukuk. The company will be selling Sukuk worth 2 million rufiyaa, with the persons who buy them to gain 65% profit each month, for 10 years. This is being sold by being registered under the stock exchange.

HDFC noted that Sukuk is being sold so as to expand their services and to conduct investments that fit Islamic sharia laws. This is the 4th time that HDFC is selling Sukuk. HDFC made a profit of 250 million rufiyaa from the previous sales of Sukuk.

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With the help of BML, a new community library established in R. Fainu

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Under the Bank of Maldives community service fund, a new public library has been opened in the R. Fainu community center.

With the help of a non-profit body, Fainu Association for Community Endeavors (FACE), BML has established this library in Fainu community center. BML stated that the reason for this project is to grow the love of literature in locals and to build an education society. There is a computer lab built inside the library as well. BML informed that there are 3 computer systems in the library for students to do homework or research projects if needed.

Speaking about this, FACE organizations president Hussain Waheed noted that this public library and computer lab will benefit students who need help with homework, and other students who are studying online courses, and it will be helpful to find reference materials.

BML’s community fund is open to financially help any non-profit organization or person to complete any project they need to benefit the community of that island.

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