Retailers’ Financing

Key features

• Fully Shariah compliant
• Financing is available as either a Term financing facility or Wakalah based Overdraft financing facility
• Financing value is up to 3 times of the monthly average POS sales
• Processed within 10 working days
• No security or deposits required
• Non-refundable Application fee of MVR 2,500

Payment period

• For Term financing facility: 48 months 
• For Wakalah based Overdraft financing: 12 months

Security

• Up to MVR 500,000 – no security 
• Above MVR 500,000 – additional security in addition to stock purchased 

Financing rate

• Up to MVR 500,000 – 13 % p.a. 
• Above MVR 500,000 – 12 % p.a.

You can utilize the funds to pay for imports via BML’s Swift Transfer or Letter of Credit without having to provide USD for the transaction, subject to availability

Am I eligible?

To apply for this facility, you should:

• Be a business registered in Maldives
• Be a BML Customer with at least 12 months account operation
• Minimum monthly average POS sales of MVR 30,000
• Minimum 12 months POS sales
• Earn sufficient income to cover the facility monthly repayment

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.