Our savings account is based on Wakala bil Isthismar (investment agency) where you appoint us as your agent to invest funds in a Shari’ah-compliant investments or instruments.
|MVR Accounts||USD Accounts|
|Minimum balance |
to earn profit
|Expected Profit |
|Cheque Book Issuance Fee|
*Please refer to BML Islamic Schedule of Charges and Fees for full details on profit calculation
How can I open an account?
If you are a new customer, 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 required documents to BML Islamic Male’ Branch or any other Branch located outside Male’.
Review the Account Opening Checklist and make sure to submit all the required documents.
If you are an existing customer of the bank, you can now apply online.
Account will be activated in 5 days and cheque books can be picked up at the branch.
If you require statements for your account, send a mail through Internet Banking or submit a Statement Request Form to any of our branches.
You can apply for additional services such as BML Islamic Visa Debit Card or Internet Banking with the Account Opening Form. Once these services are ready, you will receive a notification via SMS.