Business Development Financing

Key features

• Based on the Shariah compliant concept of Murabahah/Wakalah/Diminishing Musharakah financing
• Low equity/down payment contribution required with 70% of project financed by Bank
• Flexible repayment period
• Flexible collateral requirements
• Customization features based on business requirements
• Affordable financing rate at 12 % p.a.
• Application Fee: MVR 1,500 (Non-refundable)

Am I eligible?

To apply for this facility, you should:

• Be a Maldivian aged above 18 years, and below 65 years at maturity (Individual and Joint)
• Be a business registered in Maldives
• Client must have a consent agreement with the land owner where land is owned by a third party

How do I apply?

• If you are in Male', you can make an appointment to apply for Business Development Financing through our Booking Portal and our staff will contact you to arrange a date and time. If the appointment slots for the day are full, please try again for the next working day. Appointments can be made from 12am on the day before each working day.
• If you are outside of Male’ please submit the Application Form along with required documents to the nearest Branch.
• Our BML Islamic Male’ Branch and Branches outside Male’ are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays).