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BML Islamic

General Investment Account

General Investment Account

Looking to save a fixed amount of money for a specific period of time?

With BML Islamic General Investment Account based on Wakalah bil Isthismar (investment agency), it’s quite easy!

You can open either a USD or an MVR account of varying tenures with attractive expected profit rates and flexible investment options.

Key features

Profit rates

MVR Deposit

6 months12 months
10,000 to 50,0001.60% 1.70%
50,001 to 1,000,000 1.70% 1.80%
1,000,001 to 5,000,0001.80% 1.90%
5,000,001 to 10,000,000 1.90% 2.00%

*All rates are in percentage per annum

USD Deposit6 months12 months
5,000 to 50,0001.35%1.45%
50,001 to 100,0001.45% 1.55%
100,001 to 250,000 1.55% 1.65%
250,001 to 1,000,000 1.65% 1.75%

*All rates are in percentages per annum

Opening your account

If you are in the below listed area, you can take a token through QueueBee & visit the relevant Branch to submit General Investment Account application form along with the required documents.

Or you can visit the nearest branch if you’re in any other Island without a prior appointment or token.

Our branches are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays).

Useful downloads

BML Islamic General Investment Account Opening Form English / Dhivehi