# Your pension as your deposit: the age table every buyer should see

> MIB accepts pension savings pledged as the 10% equity on a home. The Pension Office lets members under 36 pledge all of their balance, 36 to 49 four-fifths, 50 to 60 half. The money stays invested. How it works and who qualifies.

Source: Maldives Real Estate News, published by Binga Properties. URL: https://news.binga.mv/mib-pension-savings-as-your-deposit
Published: 2026-10-18T07:35:03.626Z · Updated: 2026-10-18T07:35:03.626Z · Event date: 2026-10-18

Maldives Islamic Bank (MIB) lets buyers cover the **10% equity** on Ujaalaa Hiyaa by **pledging their pension savings**. MIB and the Maldives Pension Administration Office (MPAO) agreed this in December 2016.

## How much you can pledge

The Pension Office sets the share of your retirement savings account (RSA) you can pledge, by age:

| Your age | Share of your RSA |
|---|---|
| 16 to 35 | 100% |
| 36 to 49 | 80% |
| 50 to 60 | 50% |

## What "pledge" means

- The money is **not withdrawn.** It stays in your pension account, **still invested and still earning returns.**
- It is held as **collateral** until the financing is repaid, then released.
- **If you default,** the home is sold first; the pledged pension covers any balance still owed.

## Who qualifies

- A **Maldivian citizen under 60**.
- Enough MRPS balance, and not already drawing a retirement benefit.
- Financing from an **approved lender** (MIB is one).
- Able to **repay in full before 65**.

## How to ask

Request it through MIB as part of your application, with your **pension document**. The Pension Office then assesses your eligibility.

## A worked example

A 32-year-old with MVR 320,000 in their pension account could pledge all of it. That covers the **MVR 300,000 equity on a MVR 3 million flat** without touching their savings account. A 45-year-old would need MVR 375,000 in the pension to pledge the same amount.

## One caution

Pledged pension is still at stake. Treat it as part of what you could lose if you cannot keep up the payments.

*As published by Maldives Islamic Bank on 18 October 2026. Rates and terms change; confirm them with MIB before you commit. General information, not financial advice.*

## Sources
- www.mib.com.mv/personal-financing/ujaalaa-hiyaa (MIB Ujaalaa Hiyaa, read 18 October 2026) (https://www.mib.com.mv/personal-financing/ujaalaa-hiyaa (MIB Ujaalaa Hiyaa, read 18 October 2026))
- pension.gov.mv/en/faq/housing (Maldives Pension Administration Office, read 18 October 2026) (https://pension.gov.mv/en/faq/housing (Maldives Pension Administration Office, read 18 October 2026))
- edition.mv/self_service_atm/1928 (The Edition, 26 December 2016) (https://edition.mv/self_service_atm/1928 (The Edition, 26 December 2016))

Binga Properties is a real-estate concierge; it may represent homes and developments mentioned here.