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!
| Description | MVR Accounts | USD Accounts |
| Minimum balance | 200 | 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.
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.
Internet Banking
Appointment Portal
USD Booking
BML Rewards
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