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BML Islamic Kids' Saver Account

Make your child's future secure and give them the best possible start in life.

Our Kids’ Saver account is based on Wakala bil isthismar (investment agency) which is dedicated for children below 18 years of age.


Key Features

  • Available in both MVR and USD currency
  • Eligible for children below 18 years
  • Option to change to a normal savings account once child reach 18 years of age
  • No charges for scheduled transfer into the account
  • Keep track of account activity with free Internet Banking access
  • Chance to win an annual lucky draw

MVRUSD
Minimum balance
10010
Minimum balance
to earn profit
50020
Expected Profit
per annum
2.0%1.5%

*Please refer to BML Islamic Schedule of Charges and Fees for full details on calculation of profit



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.

Please submit the completed Application Form along with required documents to BML Islamic Male’ Branch or any other Branch located outside Male’. The form should be completed by the Parent or Legal Guardian who will operate the account.


Important information

The account will be activated within 5 working days.

You can apply for Internet Banking with the Account Opening Form. Once the service is ready, you will receive a notification via SMS.

FAQ