“We remain to march ahead and look forward to contribute towards attaining the government of Maldives vision for housing.”

Housing Development Finance Corporation (HDFC) was incorporated in 2004, by a Presidential Decree under the Companies Act. (Act No. 10/96). HDFC’s commercial operations commenced on 29th March 2004 with hundred percent shareholding by the Government of Maldives which later in 2008 was privatized with the shareholding from ADB, IFC and HDFC Investments Ltd., (India) holding 51% of the share and the 49% of the shares by the Government of Maldives. Having restructured its capital, and with new lines of long-term funding, HDFC re-entered the market for mortgage loans for housing needs of individuals and families. HDFC is unique as the only mortgage housing institution in the Maldives. We take pride in the fact that even today with the staff strength of 35 employees, our faith has not altered a bit as our commitment towards our customers has only increased everyday which pass by. As the demand for housing loans continue to grow which exceeds the supply, the demand for Islamic facilities is growing at a faster speed than anticipated and to find the matching funds, we have structured long-term Sukuk in MVR as the way forward to cater Islamic facilities. We have issued islamic sukuk.

HDFC remains well positioned to deliver superior performance in the coming years due to its deep expertise in mortgage financing, and ability to adapt its portfolio mix to changing market conditions, the ongoing benefits of continued cost initiatives, a strong balance sheet and a proven risk management framework and culture.


Our vision is to provide decent and affordable homes in a safe and healthy environment, and work towards uplifting the living standards of all Maldivians by becoming the market leader for financial services in the Maldives.


Our mission is to offer financial and social strength to all Maldivians by providing home loans and other savings and investment products managed professionally and profitably to the highest International standards, and to the complete satisfaction of all stakeholders.


Strive hard and explore all avenues to:

  • Provide a solution to every single customer.
  • Process applications to the highest professional standard to give a speedy and effective service.
  • Manage all aspects of customer relationship with due care to ensure 100% loan performance.
  • Conduct all affairs as a responsible corporate citizen with good governance, accountability and transparency.