Bml Islamic

Wadi'ah Personal Account

You can now open your Wadi'ah Personal Current Account from our BML Islamic Male’ Branch or from any of our Atoll-based Branches available nationwide.

The Wadi'ah Personal Account is fully Shari’ah-Compliant and is based on the Islamic principle of Wadi’ah Yad al-Dhamana (guaranteed safe custody). Funds deposited with BML Islamic accounts are maintained in a separate fund pool and will be used for Shari’ah-compliant purposes in accordance with Shari’ah compliance standards. The funds will be invested in halal activities with utmost care and due diligence.

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

Key Features

• Fully Shari’ah-Compliant and based on the Islamic principle of Wadi’ah Yad al-Dhamana (guaranteed safe custody)
• Available in MVR and USD currencies

We also provide wide range of banking facilities including;
• Chequebook facility
• Internet Banking and Mobile Banking App
• BML Islamic Visa Debit Card
• Standing Instructions services
• Remittance and international trade services
• Utility bill payments
• Demand draft facility
• Advice on Islamic banking solutions

How can I open an account?

You can submit an Account Opening Form along with the supporting documents to any branch near you.

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.