BML Islamic

Business Development Financing

Our BML Islamic Business Development Financing is the ultimate Shariah compliant solution to support your business financial needs such as, to finance the start-up of a new business or property development. In addition, you can apply to buy new machinery or equipment and to acquire funds for any business activity that is in line with the Shariah.

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.

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.

Useful downloads

BML Islamic Business Development Financing Application Form	English
General T&C for BML Islamic Financing Facilities	Dhivehi / English

Customer Service

SMS

7990200/9990200

Call

3330200