Dhivehi Investment Nafaa Fund (DHINAF) Launched to Target Short-Duration Investments
October 8, 2025
The Dhivehi Investment Nafaa Fund (DHINAF), an open-ended private fund, has been officially launched as the Maldives’ first investment vehicle dedicated to short-duration investments. The fund marks a significant step in expanding the local investment landscape by offering a structured platform for channelling private capital into short-term investment opportunities.
DHINAF is structured as a private Investment Fund regulated by the Capital Market Development Authority (CMDA). It serves as a Collective Investment Scheme which pools funds from multiple investors under professional management to invest in a diversified portfolio of assets, enabling broader participation in larger opportunities.
The fund will primarily focus on investments in tourism, real estate, infrastructure, and trade finance, offering institutional and qualified investors an opportunity to access high-return projects with maturities of less than five years.
The fund is set to issue debt instruments as ‘Dhinaf-36’, a limited tranche of MVR 20 million on a private placement basis for qualified investors. The return for debt instruments is as follows;
i. For 6 months maturity: 10.50% p.a.
ii. For 12 months maturity: 11.00% p.a.
iii. For 2 years maturity: 11.50% p.a.
iv. For 3 years maturity: 12.00% p.a.
During the ceremony, Dhivehi Investment Partners was formally appointed as the Fund Manager of DHINAF. The firm is overseen by a board and senior management team with extensive experience spanning finance, banking, insurance, and other key sectors of the Maldivian economy. This collective expertise provides a strong foundation for disciplined governance and positions the fund to pursue high-quality, high-return investment opportunities through well-established business networks.
The launch of DHINAF comes at a pivotal time when access to traditional financing remains limited for many projects in the Maldives. With a credit market long dominated by bank lending and stringent collateral requirements, Dhivehi Investment Partners seeks to bridge these financing gaps by mobilizing private capital toward viable and profitable ventures that support economic diversification, sustainable growth, and long-term value creation. Through this initiative, the firm also aims to broaden local investment opportunities and contribute to building a more structured and resilient private capital market in the Maldives.
DHINAF is structured as a private Investment Fund regulated by the Capital Market Development Authority (CMDA). It serves as a Collective Investment Scheme which pools funds from multiple investors under professional management to invest in a diversified portfolio of assets, enabling broader participation in larger opportunities.
The fund will primarily focus on investments in tourism, real estate, infrastructure, and trade finance, offering institutional and qualified investors an opportunity to access high-return projects with maturities of less than five years.
The fund is set to issue debt instruments as ‘Dhinaf-36’, a limited tranche of MVR 20 million on a private placement basis for qualified investors. The return for debt instruments is as follows;
i. For 6 months maturity: 10.50% p.a.
ii. For 12 months maturity: 11.00% p.a.
iii. For 2 years maturity: 11.50% p.a.
iv. For 3 years maturity: 12.00% p.a.
During the ceremony, Dhivehi Investment Partners was formally appointed as the Fund Manager of DHINAF. The firm is overseen by a board and senior management team with extensive experience spanning finance, banking, insurance, and other key sectors of the Maldivian economy. This collective expertise provides a strong foundation for disciplined governance and positions the fund to pursue high-quality, high-return investment opportunities through well-established business networks.
The launch of DHINAF comes at a pivotal time when access to traditional financing remains limited for many projects in the Maldives. With a credit market long dominated by bank lending and stringent collateral requirements, Dhivehi Investment Partners seeks to bridge these financing gaps by mobilizing private capital toward viable and profitable ventures that support economic diversification, sustainable growth, and long-term value creation. Through this initiative, the firm also aims to broaden local investment opportunities and contribute to building a more structured and resilient private capital market in the Maldives.