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ABOUT US

Independent.
Purposefully built for the Maldives.

Rausmal Corporation exists to give Maldivian businesses and investors access to the capital markets expertise that was previously out of reach.

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WHY WE WERE FOUNDED

Filling a real gap in the Maldivian market.

Maldivian businesses have historically struggled to access structured capital raising support. Most financial services were bank-led, leaving limited options for businesses seeking equity, bonds, or complex financing without taking on traditional debt.
Investors faced a similar challenge — few structured, professionally managed investment vehicles existed to deploy capital into the local economy. Rausmal was founded to bridge both gaps: as an independent adviser for businesses, and as a regulated fund manager for investors.
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CMDA LICENCES
100%
INDEPENDENT
MVR 28M+
AUM
OUR INDEPENDENCE
Rausmal does not lend money, underwrite securities, or take positions in the transactions it advises on. Every engagement is a defined advisory mandate. This structure ensures our advice is never shaped by a hidden interest.
OUR VISION

To be the Maldives' most trusted capital markets firm — connecting businesses with capital and investors with opportunity for the long term.

OUR MISSION

How we create value.

01

Advise businesses

We help Maldivian businesses raise capital through structured equity, debt, sukuk, and hybrid instruments — providing independent advice from structuring through execution.
02

Serve investors

We give investors access to regulated, professionally managed investment funds and structured opportunities — with full transparency through our investor portal.
03

Build the market

We bring institutional-grade capital markets practice to the Maldives — helping grow a deeper, more accessible financial market for businesses and investors alike.
LEADERSHIP

The team behind Rausmal.

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Mr. Abdul Hameed Abdul Kareem

CHAIRMAN · CO-FOUNDER

Seasoned finance professional spanning banking, capital markets, government, and data analytics. Instrumental in early Maldives capital market reforms.

Capital Markets
Government
Analytics
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ML

Mr. Mohamed Maadhin Latheef

CHIEF EXECUTIVE OFFICER · CO-FOUNDER
Chartered Accountant and Risk Professional with over 12 years across accounting, treasury, and enterprise risk management.
ACCA Fellow
Risk Management
Finance
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MS

Dr. Mohamed Shafeeg

FINANCIAL ADVISER
Former Minister of Finance of Maldives. Former CFO of HDFC. Expert in public sector and institutional finance.
Finance Minister
CFO HDFC
Public Finance
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AR

Uz. Azmeen Rasheed

SHARIAH ADVISER
Islamic finance jurisprudence specialist. Responsible for Shariah review and certification of applicable Rausmal products.
Shariah
Islamic
Finance
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GOVERNANCE

How we govern ourselves.

REGULATORY GOVERNANCE

CMDA Oversight & Compliance

Rausmal is licensed by the Capital Market Development Authority as both Principal Adviser and Investment Adviser. All advisory and fund operations are conducted within the CMDA regulatory framework.
• Principal Adviser licence — capital markets advisory
• Investment Adviser licence — fund management
• Regulatory reporting and mandatory disclosures
• Client protection under CMDA rules
INDEPENDENT ADVISORY

Mandate-Based, Conflict-Free

Rausmal does not lend capital, underwrite securities, or take proprietary positions. Every client engagement is a defined advisory mandate. Our advice is shaped only by the interests of the client.
• No proprietary trading or positions
• No lending or underwriting
• Defined scope and fee structure for every mandate
• Conflict-of-interest policy strictly observed
REGULATORY STATUS

Institutional credibility.

PRINCIPAL ADVISER

CMDA Licensed

Authorises Rausmal to provide capital markets advisory — including prospectus advisory, listing advisory, and transaction structuring.
LICENSE NO. XXXX
INVESTMENT ADVISER

Fund Management

Authorises Rausmal to manage investment funds, provide portfolio advisory, and operate the Rausmal Investment Fund on behalf of investors.
CMDA REGULATED
SHARIAH CERTIFICATION

For Applicable Products

Products such as sukuk and certain investment funds carry independent Shariah certification where required by their mandate. Not all products are Shariah-certified.
INDEPENDENTLY CERTIFIED