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General Investment Account

BML Islamic General Investment Account (GIA) is based on Wakala bil Isthismar (investment agency) which is offeredto personal and business customers who wish to save a fixed amount of money for a specific period of time. With attractive expected profit rates and flexible investment options, you have the choice to open multiple GIA of varying tenures.


Key features

  • Available in both MVR and USD
  • Minimum deposit of MVR 10,000 or USD 5,000
  • Auto renewal option available up on maturity
  • Option to add the profit earned to your account or withdraw it at the maturity interval


Profit Rates

MVR Deposit
6 months
12 months
10,000 to 50,000
1.60%1.70%
50,001 to 1,000,0001.70%1.80%
1,000,001 to 5,000,000
1.80%1.90%
5,000,001 to 10,000,0001.90%2.00%
USD Deposit 6 months12 months
5,000 to 50,0001.35%1.45%
50,001 to 100,0001.45%1.55%
100,001 to 250,0001.55%1.65%
250,001 to 1,000,0001.65%1.75%

*All rates are in percentages per annum



How can I open an account?

You can make an appointment to open new accounts by calling the BML Contact Center at 3330200, and arrange for a convenient time to visit the branch.

Submit the completed Application Form along with the required documents to BML Islamic Male’ Branch or any other Branch located outside Male’.

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.

Review the account opening checklist and make sure to submit all the required documents.


Important Information

  • If you require statements for your account, send a mail through Internet Banking or submit a Statement Request Form to any of our branches.