The price of the Maldives’ sovereign sukuk has risen sharply to USD 87.44 per USD 100 of face value, signalling growing investor confidence in the country’s financial and economic recovery.

This marks a notable increase from USD 64.72 recorded in early April 2025, reflecting the government’s commitment to fiscal responsibility and timely debt repayments. 

In October 2024, the Maldives settled a USD 25 million payment on its sukuk ahead of schedule, reassuring investors of the country’s financial stability.

Market analysts attribute the rise in sukuk prices to the Maldives’ improved economic outlook, citing stronger fiscal management and renewed investor confidence in the government’s ability to meet its external debt obligations.

As of May, the official reserves amounted to over USD 200 million, while the total official reserve assets stood at more than USD 800 million, according to figures from the Maldives Monetary Authority (MMA).

The Maldives issued the sovereign sukuk to raise funds for national development projects, and the improved prices may reduce borrowing costs for future issuances.

This positive trend follows earlier concerns this year about potential default risks, underscoring the country’s progress in stabilising its finances.