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BML Islamic

Letter of Credit

Manage your risk and secure your finances with a Shari’ah complaint Letters of Credit

Letter of Credit

Letter of Credit, or LC, is a secure method of payment where the bank guarantees that payment will be made to the seller if the conditions detailed in the Letter of Credit are met. The payment will be made once documents which comply strictly with the terms of the LC are presented.

BML Islamic Letter of credit facilities will be issued based on the Islamic Banking concepts of Wakalah and Murabahah.

Key features

Commissions/Fees

How do I apply?

If you're ready to apply, visit BML Islamic Male’ Branch if you are in Male' or any of our branches outside Male’ where our team will be happy to help you with your financing application. 


Useful downloads

Schedule of Charges - BML Islamic English
General T&C for BML Islamic Financing Facilities Dhivehi / English