Working Capital Finance

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

Please submit the completed application form along with the required documents to BML Islamic Male’ Branch or any other Branch outside Male’.

We will then assess your application, and will be in contact with you for the next steps. Processing time for BML Islamic Working Capital Finance does vary based on individual applications and we will keep you updated throughout the process.