A digest of news and opinion from the Maldives.
BML Islamic has today introduced Green Financing for individuals or businesses to finance environment-friendly projects such as solar power generation or investments in energy-efficient products. For the newly introduced unsecured Green Financing, eligible customers can finance from MVR 50,000 up to MVR 500,000 without any additional security or equity contribution for a 5-year tenor at […]
BML Islamic has today announced its new Education Financing product, an Ijarah based Shari’ah-compliant facility for Maldivians seeking financial assistance to pursue higher education opportunities from certificate level courses to doctorates around the world. With Education Financing, customers can obtain up to 75% of the cost of education which includes tuition fees, living and other […]
BML Islamic has today announced positive changes to its Lifestyle Financing for personal customers receiving rental income from a property. The facility is a Shari’ah compliant financing solution based on the concepts of Murabahah, Diminishing Musharakah, Wakalah and Ijarah. For the unsecured BML Islamic Lifestyle Financing, customers can finance from MVR 25,000 up to MVR […]