Shari’ah compliant financing for students to cover the cost of further education anywhere in the world
Key features
Finance up to 75% of the cost of education, which includes tuition fees and other living costs, at a rate of 5% p.a.
Financing can be paid over 10 years, after completing your studies
Am I eligible?
The facility can be availed individually or jointly
Personal net monthly income from all sources must be sufficient to cover the repayment amount.
Income must be routed to any bank account for past 6 months and most recent month’s income must be routed to your BML account.
Income from all sources such as salary, business income and rental income will be considered.
Property offered as security must be at least 150% of the financing amount.
Maximum age limit is normally 60 years. If you are unable to meet this criteria, please submit your application in joint capacity with another applicant.
How do I apply?
If you are in Male', you can make an appointment to apply for Education 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).
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