Finally, I have confirmed updates on this issue -
1. Per the International Availability Guide, D365 (CRM, Operations) is not available in Maldives. The guide can be downloaded here - https://download.microsoft.com/documents/en-us/dynamics/dynamics_365_international_availability_deck.pdf
2. I have reached out to the MS team to confirm if this is just an oversight and had heard some concerns around latency. I have also confirmed to MS that per the global internet backbone map, Maldives is fully connected to receive high speed connectivity. I have also validated the same through doing latency tests for our customer with their D365 env test/dev hosted in the Singapore Azure region. I am now awaiting update from MS on if this was just an oversight in not listing Maldives.
At this point, we are stuck and not able to move forward and figuring out other options including getting D365 listed for Maldives so that it appears in our CSP Partner Center when we place the license order! We are working through our MS Singapore PAM and our Singapore offices (since Maldives falls under that region for CSP). Our customer is also one of the world's first few AX for Retail customers, migrating to D365 Finance & Operations for Retail. So hoping we get some solid answers and a resolution soon.
I will keep this article updated as we get further clarity.