Help Center

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

ApplyNow

Related Downloads

Individual and Joint Account Information form - Individual (Fillable)
Individual and Joint Account Account opening form - Individual & Joint account (Fillable)
Individual and Joint Account Check list for individual account opening
Terms and Conditions Terms & Conditions for MIB accounts
All Downloads

Frequently Asked Questions

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

Simply submit an application through ApplyNow portal to open an investment account. The profit rates earned for each month are published in at the beginning of the subsequent month. You may refer to the List of Bank Charges to learn more about Profit Sharing Ratio offered to various accounts.

Parents or Guardians with the mandate to operate the account can request to add the associated account to their profile in FaisaNet. Please submit your request through ApplyNow Portal.

The authorised person will need to visit the branch in order to withdraw from a kids account. You will not be able to do any transactions online for kids account

You can simply download a statement for the desired period using FaisaNet.

You can follow the process below to fetch your statement.

Accounts > Select account number > Choose the preferred date (From- To) 

No. We encourage you to use our online banking service FaisaNet and FaisaMobile to monitor your account and take statements.

We provide cheque books to the holders of current accounts only. Please note that there is a fee charged as per the List of Bank Charges for issuance of cheque books.

The same account can be transferred to the child once the child is 18 years old. Please visit the nearest branch to complete the formalities.

  • Valid ID card of the Child

  • Valid ID card of the Parent/ Guardian who will operate the account

  • Birth Certificate will be required for Children who are above 10 years.

  • For children under guardianship official documents that show the guardianship is require

  • A valid ID card.

  • If you are unable to sign we require a recent passport picture.

  • MVR 1000 for MVR accounts

  • USD 100 for USD accounts

  • Funds that are sent before 12pm of a working day will usually be credited to your account in the afternoon of the same day.

  • Funds that are sent after 12pm will be credited to your account on the morning of the subsequent working day.

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