Business Development Financing

Key features

• Based on the Shari’ah 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.

Credit Guarantee Scheme

• Equity/ down payment contribution: 20%
• Financing period up to 5 years inclusive of a grace period up to 6 months
• No collateral required
• Financing Rate at 9 % p.a.
• A fee of 1 % p.a.
• Should not have any existing financing/loan facility that exceeds MVR 100,000 excluding student loans and personal housing/home financing/loan

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're ready to apply, call our Contact Center at 3330200 and arrange for a convenient time to visit BML Islamic Male’ Branch if you are in Male'. You can also visit any of our branches outside Male’ where our team will be happy to help you with your financing application.