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BML Islamic

Home Purchase Financing

Our Home Purchase financing is the Shariah compliant alternative to purchase apartments, flats or row houses anywhere in Maldives. 

Key features

Our Home Purchase Financing can also be used by existing home owners to buy another property.

Am I eligible?

To apply for this facility, you should:

End-user financing projects

If you are purchasing an apartment, row house from a project that is under development / construction, project must be an approved project by the Bank. Projects currently approved are:

Developer NameProject Name
Apollo Holdings Private Limited Centreal-Homes by Apollo
Renaatus Projects Private Limited STO Social Housing Project
SAS e-Glut Join Venture Private LimitedThe Creek View
Sandal Mauritius Private LimitedSolitaire
Apex Reality Pvt LtdLuxaone – Odeon
Rainbow Mega DevelopersRain Coral
Housing Development Corporation LimitedVinares
Rasheed Carpentry & Construction Private LimitedBlue Haven Mixed Residential
Sandal Mauritius Private LimitedOne Central Park
Housing Development Corporation LimitedReethigas Residence
NPH Development Private LimitedAqua Vita
Keystone International Private LimitedN-156f Pure Residential Apartment

Applicable fees:

How do I apply?

If you are in Male', you can make an appointment through our Booking Portal and arrange a time to visit our BML Islamic Male Branch located in Male.

Once an appointment is successfully made, you will receive an SMS with your appointment time to visit our BML Islamic Male Branch located in Male. If the appointment slots for the day are full, please try again for the next working day.

Appointments can be made from 8am on the day before each working day.

If you are in the below listed area, take a token through QueueBee to visit the relevant branch to submit BML Islamic Home Purchase Financing application form along with the required documents.

If you are residing in any other island, visit the nearest branch and submit BML Islamic Home Purchase Financing Application Form along with required documents.

Our BML Islamic Male’ Branch and Branches outside Male’ are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays).

Application process

Once we receive your application, we will then assess your request and will be in contact with you for the next steps.

Processing time for BML Islamic Home Purchase Financing varies based on individual applications and we will keep you updated throughout the process.

Useful downloads

BML Islamic Home Purchase Finance Application Form Dhivehi
FAQ - BML Islamic Home Purchase Financing Dhivehi