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BML Islamic

General Investment Account

Looking to save a fixed amount of money for a specific period of time?

With BML Islamic General Investment Account based on Wakalah bil Isthismar (investment agency), it’s quite easy!

You can open either a USD or an MVR account of varying tenures with attractive expected profit rates and flexible investment options.

Key features

Profit rates

MVR Deposit

6 months12 months
10,000 to 50,0001.60%  1.70%
50,001 to 1,000,000 1.70%  1.80%
1,000,001 to 5,000,0001.80% 1.90%
5,000,001 to 10,000,000 1.90%2.00%

USD Deposit6 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 1,000,000 1.65% 1.75%

All rates are in percentages per annum

Opening your account

If you are in the below listed branch area, you can take a token through QueueBee & visit the relevant branch to submit General Investment Account application form along with the required documents.

Or you can visit the nearest branch if you are in any other Island without a prior appointment or token.

Our branches are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays).

Useful downloads

Sample Board Resolution BML Islamic Business Accounts English
BML Islamic General Investment Account Opening Form English / Dhivehi