The value of the Maldives' sukuk has seen a significant rise in the international market, reflecting signs of economic recovery in the country.

In early April, the sukuk was trading at USD 64.72. By Monday, it had risen to USD 87.44. Analysts say the increase is linked to growing investor confidence as the country's economy gradually improves.

The USD 500 million sukuk was issued during the administration of former President Ibrahim Mohamed Solih, with an interest rate of 9.875 percent. It is listed on the Abu Dhabi stock market.

According to the Finance Ministry, the government has been making regular coupon (interest) payments. The most recent payment of USD 25 million was made in April, with the next due in October. The full repayment of the sukuk is scheduled for 2026.