Busuiness Development

BML Islamic Business Development Financing

Our BML Islamic Business Development Financing is the ultimate Shari’ah compliant solution to support your business financial needs such financing for working capital, financing to start-up a new business, property development, buy new machinery or equipment or acquire funds for any business activity that is in line with the Shari’ah.


  • Maldivians aged above 18 years, and below 65 years at maturity (Individual and Joint)
  • Businesses registered under Maldives

Key features

  • Based on the Shari’ah compliant concept of Murabaha/Wakalah/Diminishing Musharaka financing
  • Low equity/down payment contribution required with 70% of project financed by Bank
  • Flexible repayment period
  • Flexible collateral requirements
  • Customization features based on business requirements
  • Takaful is required

Features of Credit Guarantee Scheme

  • Equity Contribution: 20%
  • Payment Period: 5 years maximum inclusive of a grace period of up to 6 months
  • No collateral required
  • Financing Rate of 9 % p.a.
  • A fee of 1 % p.a.
  • Takaful is required
  • Should not have any existing financing/loan facility that exceeds MVR 100,000 excluding student loans and personal housing/home financing/loan


  • Available and accessible nationwide.
  • Customers who are eligible for Credit Guarantee Scheme can get a grace period of up to 6 months
  • Shari’ah compliant working capital financing for existing business

How to apply:

Submit a duly-completed BML Islamic Business Development Financing Application form along with the required documents to BML Islamic Male’ Branch or any other BML Branch outside Male’. For any assistance, please contact us or meet our customer service representatives at the branches.

We will then assess your application, and will be in contact with you for the next steps. Processing time for BML Islamic Business Development

Applicable Fees

Other fees and charges will be levied as per BML Islamic Schedule of Charges.