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BML Islamic

Savings Account

BML Islamic Savings Account

BML Islamic Savings Account is based on Wakalah bil Isthismar (investment agency) where the Bank acts as an agent to invest in Shariah 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
5 0.35


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

Opening your account

If you are a new customer, residing in the below listed area, take a token through QueueBee to visit the relevant Branch.

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)

If you're registered for BML Internet Banking, log-in and open an additional account via the "Services" tab. 

Useful downloads

Information Form - Personal English / Dhivehi
Checklist for account opening / Information Form - Personal English
BML Islamic Joint Account Supplementary Form English / Dhivehi
BML Islamic Personal Account Opening Form English / Dhivehi