With our Working Capital Financing you can finance up to 20% of your 3 year average annual sale through a Shariah compliant facility and without any additional collateral.
Key features
Financing is available as a Term financing facility, Wakalah based Overdraft, Bank Guarantee, or Trade Murabahah Financing
Financing Amount: Maximum MVR 3 million
Financing rate: 12 % p.a.
Own contribution
No contribution required for Term facility, Bank Guarantee or Wakalah based Overdraft facility
A minimum of 15% cash margin should be invested as own contribution for Trade Murabahah Financing
Payment period
Term Financing: 36 months (3 years)
Wakalah based Overdraft, Bank Guarantee, Trade Murabahah Financing: 12 months (1 year)
Security requirement
Stock and receivables of the business
Personal Guarantee of all Shareholders/Directors
Am I eligible?
Must be a registered business in Maldives
.
Business should be profitable for the past 2 years and active for past three years
Good credit history
How to apply
If you are in Male', you can make an appointment to apply for Working Capital Finance through our Booking Portal and our staff will contact you to arrange a date and time.
If you are outside of Male’ please submit the Application Form along with required documents to the nearest Branch.
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.
Useful downloads
BML Islamic Working Capital Finance Application Form
Internet Banking
BML Offer Portal
USD Booking
Merchant Portal