What are the requirements to become a Partner Employer?

The following are the conditions to becoming a Partner Employer, also known as registered employer of MIB.

Company or organisation must have a minimum of 20 employees (In case the numbers of employees is below 20, then the employer should transfer all the salary accounts to MIB). This policy does not apply to government companies/offices).
Minimum 33% of the employees must be locals.
Employer must have a dedicated HR/Administrative Department.
Must be in operation for a minimum period of two years (This does not apply to government companies/offices).

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Who are MIB’s Partner Employers?
Please visit this link to see if your employer is listed. If not you can always get your company to enrol in the scheme. Partner Employers
Can I apply for Ujaalaa Dhiriulhun if I get rent by renting out a building that is not in my own name?
In order to be eligible for the Ujaalaa Financing Facility, rent revenue must come from property that is registered in your name.
What is considered while determining a financing limit?
Bank determines the financing limit after evaluating the salary and payment deductions to another bank. However, bank will also consider the job type (permanent or contract) and the employer as well.
How to make payment for Ujaalaa Financing Facility
Ujaalaa Dhiriulhun For those who are working in an MIB accepted employer their monthly payment will be deducted by the employer and sent to the bank, but the customer must make sure that the payments are sent to the bank and are regularly deducted ...
Can i send someone else to collect the goods purchased under Ujaalaa Dhiriulhun?
Yes, goods can be collected by a third-party. You are required to submit a handover letter via email to customercare@mib.com.mv Key Points 1. Handover letter should be in the given format. 2. Handover letter has to be signed by the applicant. 3. ...

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