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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 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, please visit BML Islamic male’ branch or any other Branch located outside of Male’.

If you're registered for BML Internet Banking, log-in either from BML Mobile application or from BML website and apply for an additional account.


Useful downloads

BML Islamic - T&C English
Information Form - Personal English
Checklist Account Opening / Information Form - Personal English
BML Islamic Supplementary Form Islamic Joint Accounts English