BML rolls out Islamic micro‑financing for startups

3 hours ago

The Bank of Maldives (BML) has launched the country’s first Islamic micro‑financing product, introduced under the Maldives Islamic Social Finance Initiative (MISFI). The new facility offers financing of up to MVR 100,000 at a 2.5 percent rate, the lowest financing rate currently available in the Maldives, according to BML. Repayments can be made over a period of up to 10 years,