HDC changes payment structure for existing property purchasers to make it Shariah compliant
Housing Development Corporation (HDC) is a 100% government-owned entity that deals with land administrative matters in Hulhumale, the newly reclaimed island located in the south of North Male Atoll in the Maldives. The land reclamation in Hulhumale was a dream come true for most of Maldives's citizens as land is scarce and the only way to acquire new land was via the reclamation project.
Housing Development Corporation (HDC) , Maldives , Islamic finance
Muneeza, A. (2016). HDC changes payment structure for existing property purchasers to make it Shariah compliant. Islamic Finance News, 13(35), p. 15.