The Civil Court has yesterday issued a ruling in a case concerning failure to repay a large loan taken by a company from Maldives Islamic Bank (MIB). Guarantors for this loan include South Hulhumale' MP Dr. Ahmed Shamheed and four other individuals. 

As per the ruling, the case was filed by MIB against five individuals including Shamheed for failing to pay back as agreed a USD 500,000 sale and leaseback facility issued to Duplex Pvt Ltd. 

The Civil Court ruled in favour of MIB, and ordered the five individuals to repay the remaining amount of the loan within six months from November 10. 

As per the ruling, Shamheed and the four other individuals who provided bank guarantee to Duplex Pvt Ltd must pay back USD 36,647.76 within six months, as well as fines and charity incurred due to non-payment. 

The ruling shows that the facility was issued to Duplex after a safari vessel was mortgaged. If the loan is not paid back in line with the Civil Court ruling, this safari vessel, the 'Duplex Cruise', can also be sold by MIB. 

Shamheed is actively campaigning to secure the Maldivian Democratic Party's ticket for the 2028 presidential election.