Bml Islamic

Business Banking

BML Islamic offers businesses and institutions Shari’ah-Compliant solutions for managing your financial needs. With the convenience of our highly secure Internet Banking services available at your fingertips, manage your daily finances, and make your payments both locally and overseas at your own comfort.

Why Choose BML Islamic?

• Advice services from dedicated Islamic Banking team
• BML Islamic Trade Finance facilities
• Safe and secure Internet Banking services.
• Merchant services: POS and Mobile POS terminals
• Transactional services: BML Islamic cheque book, foreign currency exchange, remittances, pay orders, standing instructions, etc
• Staff Payroll Payment services
• Access to the largest branch network in the country

Our dedicated Islamic Banking team is available to guide you through our products and services and assist you in planning for your financial needs. Please visit our dedicated BML Islamic Male’ Branch or BML Islamic Business Centre for professional advice on specifically tailored Shari’ah-Compliant financial solutions for your financial requirements.

BML Islamic ensures that our offering complies with tenets of Shari’ah by certifying our services as Shari’ah-Compliant, and adherence to international standards and best practices for Islamic banking. Our customer deposits are maintained in a separate fund that is utilised exclusively for Shari’ah-Compliant purposes. The compliance is overseen by a dedicated Islamic Banking Division, and a specialized Shari’ah Advisory Committee consisting of local and international Shari’ah Advisors.

To apply for our services, please visit our BML Islamic Male’ Branch or Atoll-based BML Branch closest to you, among the country’s largest network of branches.

Wadi'ah Business Account

BML Islamic Wadi’ah Business Account provides the ideal Shari’ah-Compliant solution for your daily banking needs. This is a current account facility combined with a host of added services such as instant and secure internet banking and professional support for more advanced Islamic banking related advisory services.

Our wide branch, ATM and Point-of-Sale (POS) networks makes it convenient to pay for goods and services as well as have easy access to cash and other services.

As an add-on, our Internet Banking allows you to manage your finances anywhere, anytime.

Key Features

• Shari'ah-compliant trade finance solutions
• Available in MVR & USD
• Manage your account anywhere, anytime with Internet Banking and Mobile Banking App

A wide range of banking facilities

• Cheque Book Facility
• Payroll Payments
• Standing Instructions Services
• Remittance and International services
• Utility Bill Payments
• Demand Draft
• Advisory Services
• Foreign Currency Exchange
• Pay Orders

How can I open an account?

You can submit an Account Opening Form along with the supporting documents to our BML Islamic Male’ Branch or Atoll-based Branch closest to you, among the country’s largest network of branches. Review the Account Opening Checklist and make sure to submit all the required documents.

Please allow up to 5 working days for your account to be opened. Once the account has been opened, you will receive an SMS to your phone with your account number.