Salaries and Allowances
| Designation | Grade | Basic Salary (Before) | Fixed Allowance | Minimum Wage | Capital Market Allowance |
|---|---|---|---|---|---|
| CEO | - | 30,000 | 12,000 | - | 8,000 |
| Deputy CEO | 4 | 23,000 | 11,000 | - | 7,000 |
| Deputy CEO | 3 | 22,000 | 11,000 | - | 7,000 |
| Deputy CEO | 2 | 21,000 | 11,000 | - | 7,000 |
| Deputy CEO | 1 | 20,000 | 11,000 | - | 7,000 |
| Director General | 4 | 19,500 | 9,000 | - | 6,000 |
| Director General | 3 | 19,000 | 9,000 | - | 6,000 |
| Director General | 2 | 18,500 | 9,000 | - | 6,000 |
| Director General | 1 | 18,000 | 9,000 | - | 6,000 |
| Senior Manager | 4 | 16,500 | 8,500 | - | 5,000 |
| Senior Manager | 3 | 16,000 | 8,500 | - | 5,000 |
| Senior Manager | 2 | 15,500 | 8,500 | - | 5,000 |
| Senior Manager | 1 | 15000 | 8,500 | - | 5,000 |
| Manager | 4 | 14,000 | 7,500 | - | 4,500 |
| Manager | 3 | 13,500 | 7,500 | - | 4,500 |
| Manager | 2 | 13,000 | 7,500 | - | 4,500 |
| Manager | 1 | 12,500 | 7,500 | - | 4,500 |
| Deputy Manager | 4 | 12,000 | 7,000 | - | 4,000 |
| Deputy Manager | 3 | 11,500 | 7,000 | - | 4,000 |
| Deputy Manager | 2 | 11,000 | 7,000 | - | 4,000 |
| Deputy Manager | 1 | 10,500 | 7,000 | - | 4,000 |
| Assistant Manager | 4 | 10,000 | 6,000 | - | 3,000 |
| Assistant Manager | 3 | 9,500 | 6,000 | - | 3,000 |
| Assistant Manager | 2 | 9,000 | 6,000 | - | 3,000 |
| Assistant Manager | 1 | 8,500 | 6,000 | - | 3,000 |
| Senior Officer | 4 | 8,000 | 5,000 | - | 2,500 |
| Senior Officer | 3 | 7,500 | 5,000 | - | 2,500 |
| Senior Officer | 2 | 7,000 | 5,000 | - | 2,500 |
| Senior Officer | 1 | 6,500 | 5,000 | - | 2,500 |
| Officer | 4 | 6,000 | 4,000 | - | 2,000 |
| Officer | 3 | 5,500 | 4,000 | - | 2,000 |
| Officer | 2 | 5,000 | 4,000 | - | 2,000 |
| Officer | 1 | 4,500 | 4,000 | - | 2,000 |
| Support Staff | 4 | 4,400 | 2,500 | 558 | 2,000 |
| Support Staff | 3 | 3,900 | 2,500 | 558 | 2,000 |
| Support Staff | 2 | 3,800 | 2,500 | 558 | 2,000 |
| Support Staff | 1 | 3,500 | 2,500 | 558 | 2,000 |
Other Allowances:
- Attendance Allowance - MVR 100 per day is given only for attended days; will not be paid for days on leave.
- Phone Allowance - MVR 500 for department heads and MVR 250 for Office opening / closing staff (per month).
- Ferry / Bus Allowance - MVR 6.50 per day for staff living in Villigilli & MVR 20 per day for staff living in Hulhumale Phase 1, MVR 30 per day for phase 2(will be given for attended days only).
- Service Allowance for Chief Executive Officer MVR 3000 Per year upon completion of one year of service.
Board Members
| Designation | Board Allowance (Per Month) |
|---|---|
| Chairperson | 10000 |
| Board Member / Ministry of Finance and Treasury Representative | 10000 |
| Board Member / Registrar of Companies | 10000 |
| Board Member / MMA Representative | 10000 |
| Board Member / Private Sector Representative | 10000 |
| Board Secretary | 5000 |
Other Allowances:
- Sitting allowance of MVR 500 per meeting for Board Secretary
Capital Market Shariah Advisory Council
| Designation | Fixed Allowance (Per Month) |
|---|---|
| Chairperson | 4,000 |
| Member | 4,000 |
| Member | 4,000 |
| Member | 4,000 |
| Member | 4,000 |
Other Allowances:
- MVR 1,000 for members as sitting allowance per meeting, with a monthly cap of MVR 2,000
- Sitting allowance of MVR 1000 per meeting for secretary