Housing Development Finance Corporation (HDFC) PLC, established in January 2004, is the only specialized housing finance institution in the Maldives. HDFC is a privatized company with International Shareholders represented by the International Finance Corporation (IFC of World Bank Group), Asian Development Bank, and HDFC Bank Ltd. of India, jointly holding 51% of shares.

HDFC Amna, the Islamic Finance Window of HDFC PLC, was inaugurated on May 26, 2012, with a commitment to providing Shariah-compliant financial solutions. To strengthen our operational capabilities, we are looking for a vibrant and dedicated individual to join our team as a Credit Analyst-Islamic Finance.

Job Description

1.     Credit Application Review:

• Review and analyse credit applications to assess risk and creditworthiness.
• Place credit applications to the Credit Committee for decision, ensuring all relevant documentation are complete and in compliance with Shariah and internal credit policies.

2.      Evaluation Process Oversight:

• Oversee the entire evaluation process of applications to ensure compliance with company policies and guidelines.
• Ensure that the technical sections of applications comply with established standards.
• Collaborate with internal teams to maintain consistency in credit assessments.

3.     Application Evaluation and Disbursement:

• Review disbursements to ensure adherence to approved terms.
• Counsel customers on policies and restrictions in line with HDFC credit underwriting guidelines.
• Monitor credit facilities in grace and flag potential risks.

4.     Reporting and Documentation:

• Prepare and maintain Grace Reports, CRIB reports, and monthly performance reports.
• Contribute to the Annual Performance Report and other compliance-related documentation.

 5.     Process Improvement:

• Identify gaps in existing credit evaluation procedures and suggest improvements.
• Participate in the development of new products, credit policies and operational enhancements.
• Support additional tasks as assigned by the line manager or department leadership.

Job Requirements & Other Competencies

• Diploma in Islamic Finance with a minimum of 2 years of relevant experience in credit analysis, Islamic banking, or a related field;
  OR
• Bachelor’s degree in Islamic Finance or a related discipline.
• Work experience in credit analysis preferably within Islamic Banking or Finance will be an added advantage.
• Good analytical and decision-making skills
• Should be an effectual communicator verbally and through writing skills
• Ability to work under pressure
• Competent with General Office Software

Salary:Salary ranging from MVR 18,000 to MVR 20,000 commensurate with qualifications and experience.

Other Benefits:

• Staff Health Insurance Plan
• Annual Bonus as per the company policy
• Training and development opportunities.

Working Hours: The selected candidate will be required to work from 08:00 to 16:00 hrs., from Sunday – Thursday.

Application process: Interested candidates are requested to fill out the application form and submit the required documents via the following link:

https://form.jotform.com/243588907905471

Deadline for submission: On or before 28^th August 2025, 2:30 PM

Note: Only shortlisted candidates will be contacted for an interview.

Human Resource Department

Housing Development Finance Corporation Plc., 3^rd Floor,

Tel: +960 3334666; Fax: +960 3315138; email: [email protected]