Kids' Saver Account

BML Islamic Kids' Saver Account

Get your kids started on the good habit of saving at a young age with a Shariah compliant savings account.

For children below the age of 18 years, open an MVR or USD account within 5 days. You can keep a track of the account activity through internet banking, and schedule automatic transfers from your account.

Key features

• Fully Shariah-Compliant and based on Wakalah bil isthismar (investment agency).
• Available in both MVR and USD currency
• Eligible for children below 18 years
• Option to change to a normal savings account once child reach 18 years of age
• No charges for scheduled transfer into the account
• Keep track of account activity

*Please refer to BML Islamic Schedule of Charges for full details on Profit rates.

Open a BML Islamic Kids’ Saver Account

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

• Male' - BML Islamic Male’ Branch
• Hulhumale’ - Visit Hulhumale’ Branch
• Hithadhoo - Visit Hithadhoo Branch
• Gan - Visit Gan Branch
• Mahibadhoo - Visit Mahibadhoo Branch
• Kulhudhuffushi - Visit Kulhudhuffushi Branch
• Eydhafushi - Visit Eydhafushi Branch

QueueBee tokens will be issued from 8:30 am to 2 pm in Male’ area and all other atoll based branches.

If you are residing in any other island, visit the nearest branch and submit BML Islamic Kids’ Saver Account application form along with the required documents.

Our BML Islamic Male’ Branch and branches are open from 8:30am to 2:00pm, Sundays to Thursdays (except public holidays).

You will need the BML Islamic Kids’ Saver Account opening form along with all the supporting documents. The form should be completed by the Parent or Legal Guardian who will operate the account.