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
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.
No Limits, No Restrictions. An everyday savings account for your everyday banking
Earn profit on your balance regardless of how many transactions you do every month
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
Original of National Identity Card
Passport, Work Permit and Letter from Employer
Apply online to open your accountApplyNow
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 2 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.