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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, garage/parking space or a land

Am I eligible?

To apply for this facility, you should:



End-user financing projects

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 NameProject Name
Bayfancy Pte LtdBayfancy Residence 
Fedo Construction Pvt Ltd The Rise
Rainbow Construction Pvt Ltd
Rain Palm
Rainbow Singhal Developers Pvt LtdRain Pearl
Batch Construction Pvt Ltd Aseria Homes & Townhouses
Pan Real Estate Pvt LtdFus Residence
Apollo Holdings Pvt Ltd Private LimitedCentreal Homes by Apollo 
Apex Reality Private LimitedLuxera – Nadhee
Renaatus Projects Private LimitedSTO Social Housing Project
SAS e-Glut Join Venture Private LimitedThe Creek View
Sandal Mauritius Private LimitedSolitaire
Apex Reality Private LimitedLuxaone – Odeon
Rainbow Mega DevelopersRain Coral
Housing Development Corporation LimitedVinares
Rasheed Carpentry & Construction Private LimitedBlue Haven 
Sandal Mauritius Private Limited SolitaireOne Central Park
Housing Development Corporation LimitedReethigas Resident
NPH Development Private Limited Aqua Vita
Keystone International Private LimitedN-156f Apartment
Kandoofaa Investments Pvt LtdKandoofaa Residence

Applicable fees:


How do I apply?

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).

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 English / Dhivehi
FAQ - BML Islamic Home Purchase Financing Dhivehi