Our Home Purchase financing is the Shariah compliant alternative to purchase apartments, flats or row houses anywhere in Maldives.
Our Home Purchase Financing can also be used by existing home owners to buy another property, garage/parking space or a land
To apply for this facility, you should:
If you are purchasing an apartment, row house, garage/parking space from a project that is under development / construction, project must be an approved project by the Bank. Projects currently approved are:
Developer Name | Project Name |
Bayfancy Pte Ltd | Bayfancy Residence |
Fedo Construction Pvt Ltd | The Rise |
Rainbow Construction Pvt Ltd | Rain Palm |
Rainbow Singhal Developers Pvt Ltd | Rain Pearl |
Batch Construction Pvt Ltd | Aseria Homes & Townhouses |
Pan Real Estate Pvt Ltd | Fus Residence |
Apollo Holdings Pvt Ltd Private Limited | Centreal Homes by Apollo |
Apex Reality Private Limited | Luxera – Nadhee |
Renaatus Projects Private Limited | STO Social Housing Project |
SAS e-Glut Join Venture Private Limited | The Creek View |
Sandal Mauritius Private Limited | Solitaire |
Apex Reality Private Limited | Luxaone – Odeon |
Rainbow Mega Developers | Rain Coral |
Housing Development Corporation Limited | Vinares |
Rasheed Carpentry & Construction Private Limited | Blue Haven |
Sandal Mauritius Private Limited Solitaire | One Central Park |
Housing Development Corporation Limited | Reethigas Resident |
NPH Development Private Limited | Aqua Vita |
Keystone International Private Limited | N-156f Apartment |
Kandoofaa Investments Pvt Ltd | Kandoofaa Residence |
Applicable fees:
If you are in Male', you can make an appointment through our Appointment Portal and arrange a time to visit our BML Islamic Finacing Centre located in Male.
Once an appointment is successfully made, you will receive an SMS with your appointment time to visit the Bank. Appointment slots are available for next 10 working days. If the appointments are full, please try again for the next 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 required documents.
Hulhumale’ - Visit Hulhumale’ Branch
Hithadhoo - Visit Hithadhoo Branch
Gan - Visit Gan Branch
Mahibadhoo - Visit Mahibadhoo Branch
Kulhudhuffushi - Visit Kulhudhuffushi Branch
Eydhafushi - Visit Eydhafushi Branch
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 Financing Centre and branches outside Male’ are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays).
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.