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BML Islamic

Savings Account

BML Islamic Saving Account is based on Wakalah bil Isthismar (investment agency) where the Bank acts as an agent to invest in Shari’ah compliant investments or instruments.

You can easily deposit or withdraw money, manage your account and get account statements instantly. The account can also be linked to your BML Islamic Visa Debit Card.

With our vast network of ATM’s, Internet Banking and Mobile Banking App, you’re all set!

Key features

Applicable charges

DescriptionMVR AccountsUSD Accounts
Minimum balance200 50
Minimum balance
to earn profit
5,000 1,000
Expected Profit
per annum
1.5%1.0%
Cheque Book Issuance Fee
per leaf
3 0.20


Please refer to BML Islamic Schedule of Charges and Fees for full details on profit rates. 

Useful downloads

Schedule of Charges - BML Islamic English
BML Islamic Personal Account Opening Form English
BML Islamic - T&C English