Savings Account


Our Savings Accounts are based on the Islamic investment concept of Mudharaba, or surplus sharing. Your funds are utilized to make the best profit results, which are then shared twice a year at pre-determined profit sharing ratios. This helps you enjoy the benefits of your savings while maintaining compliance to the Shariah, with convenient access to your funds at any time.

everyday Banking

No Limits, No Restrictions. An everyday savings account for your everyday banking

Earn Profit

Earn profit on your balance regardless of how many transactions you do every month

  • Low initial deposit of MVR 1,000 or USD 100 (MVR 200 and USD 20 in atoll branches)

  • Hassle-free application process. Now online!

  • Attractive profit sharing ratio and semi-annual profit distribution

  • Detailed transactions history on internet and mobile banking

  • Joint Account option to operate account jointly with a loved one

  • Standing instruction services

  • Amana Takaful Family Support Cover for a low annual fee of MVR 265/-, exclusive for MIB account holders

  • Any Maldivian individual above 18 years of age.

  • Foreign nationals who posses a valid work permit

  • Completely filled Account Opening Application

  • Completely filled Individual Information Form

Maldivian Citizens

  • Original of National Identity Card

Foreigners

  • Passport, Work Permit and Letter from Employer

Apply online to open your account

ApplyNow

Related Downloads

Individual and Joint Account Information form - Individual
Individual and Joint Account Account opening form - Individual & Joint account
Individual and Joint Account Domestic and Intra-Bank Transfer Application
Terms and Conditions Terms and Conditions for Domestic and Intra Bank Transfers
Individual and Joint Account TT Remittance Application Form
Individual and Joint Account Check list for individual account opening
All Downloads

Frequently Asked Questions

We operate both MVR and USD accounts.

Yes you will be charged as per the List of Bank Charges.

An account where there is no transaction created by the customer for a period of more than 5 years.

Yes, you can open both USD and MVR investment accounts accounts

You can send a request to withdraw. Please note that based on the terms and conditions of GIA you maybe foregoing all profits by withdrawing before the maturity date. Please inquire within to find out how this affects your Investment Account.

We publish the profit rates for each month at the beginning of the subsequent month. It is updated regularly on our website.

More FAQ
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