BML Launches Maldives' First Shariah-Compliant Visa Credit Card

The Bank of Maldives (BML) has introduced the Maldives’ first Shariah-compliant Visa credit card. The BML Islamic Visa credit card follows the Islamic principle of 'Ujrah,' where an agreed fee is charged for services rather than interest.

Available in Classic, Gold, Platinum, and Signature options, the card allows both local and international transactions. Each card comes equipped with advanced security features to ensure safe usage.

Hassan Kalaam, Director of BML Islamic Banking, expressed excitement about combining Visa's global reach with Islamic banking principles to offer customers a unique and secure financial product.

In addition, cardholders can register for BML’s Rewards program, earning points for every purchase. These points can be redeemed for flights, hotel bookings, or vouchers with local and international merchants, providing added value to customers seeking ethical banking solutions.