Banking Services
How to Update Information
You can submit Information Update application through ApplyNow Portal. This process is fully digital for individual customers. Business can also submit their information update although some parts will have to be scanned and uploaded for security ...
Are the any fees or charges associated with the MIB9 club membership?
There are no fees associated with this membership. The Membership benefits are subject to change or modification at the Bank's discretion, and the Bank will inform members of any such changes in advance. All other terms and conditions of the Bank's ...
What is the duration of this membership?
The MIB9 Membership is not time bound as long as your salary is routed through your MIB account or until the service is discontuned by the bank.
What are the eligibility criteria for MIB9 Membership?
Members should be 18 years of age. Only Maldivian nationals are eligible for the membership and its benefits. To be eligible for the Membership, the customer must route their salary to Maldives Islamic Bank under MIB Payroll for at least one month.
How do you become a member of MIB9 Club and get the benefits
Customers who continue to route their Salary through MIB will continue to get the club benefits
As a MIB9 Club member what are the benefits I am entitled for?
MIB9 Club members are entitled for the following benefits! A foreign transaction limit of USD100 per month will be allocated to MIB9 member’s Visa Everyday Card. Any unused amount of this monthly limit will not be carried forward to the following ...
How do I sign up for the MIB9 Club?
Start routing your salary to your MIB account and you are in the Club
What is MIB9?
MIB9 is a membership offered for our account holders who route their salary to their MIB account. Members of MIB9 will be eligible for exclusive benefits and rewards. Be sure to look out for added benefits from website.
Do I have to apply separate for MIB Visa card when I open my account?
Over the Counter You can opt to submit a separate card application at the time of account opening. The card will go into processing once the account has been opened and the card fees has been deposited. Online You can submit a card application ...
Can I open account by showing my passport only if not why ?
For Maldivian Citizen's the bank requires a valid ID card to be present during account opening. This is as per the regulations of the Bank and the governing laws.
How long does it take to open a business account in MIB ?
Step 1: Getting the application filled and collecting all the necessary documentation. Forms required 1. Account Opening application for businesses 2. Information Form for the company 3. Information Form for all the Directors and Company Secretary ...
What is the difference between children saving account and kaamiyaabu kids account ?
Kids Savings Account Can withdraw full or partial funds anytime by visiting branch Operates similar to a savings account with a profit sharing ratio of 30:70 Kaamiyaabu Kids Account Designed to work similar to an investment account with profits being ...
How frequently is the MIB kids saving account profit deposited ?
It is deposited Semi Annually.
Can I open MIB account online?
We working towards offering you a digital onboarding solution soon. Please stay tuned.
Do I have to come to bank to open my account?
With ApplyNow Portal you are no longer required to come to bank to open an account. You can submit application online and our associates will do guide you through the rest of the way. 1. You can apply for the card and we can have it ready to pick up ...
How to process salary
The following are the methods through which you can process salary distribution. 1. Cheque Deposit Documents required if depositing a cheque: Company’s cheque addressed to Maldives Islamic Bank Cover letter Salary Sheet (Both Soft & Hard Copy) 2. ...
How to open an account
Fully Digital Online Account Opening You can now easily submit account opening online through ApplyNow Portal. Login using efaas and choose Account Opening for New Customers. We also conduct Banking Day sessions at Large Companies and Government ...
Quick Facts on General Investment Account
Do you have USD and MVR option? Yes you can open both USD and MVR investment accounts accounts. How do I find out the profit I earn each month? You can refer the Monthly Profit Rates that are published by the bank every month which shows how much ...
When will my account be credited with the funds incoming from other banks?
Funds to and from other domestic banks are done through a gateway that is established at the central bank. Therefore the exchange between banks subject to the operating time of this system. As a rule of thumb the following scenario is useful Funds ...
What is the minimum deposit required to open an account?
Savings Account: MVR 1000 for MVR accounts USD 100 for USD accounts Current Account: MVR 2500 for MVR accounts USD 250 for USD accounts Business Account: MVR 5000 for MVR accounts USD 500 for USD accounts Kids Account: MVR 100 for MVR accounts USD 10 ...
What happens to Kids Account when the child is 18?
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 and they can then proceed to use the same account number and get a debit card for their account and register ...
How to get a cheque book
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. List of Bank Charges
Do you give a passbook?
No. We encourage you to use our online banking service FaisaNet and FaisaMobile to monitor your account and take statements. You can easily self register by visiting this FaisaNet or by downloading the FaisaMobile app. If you need you can also submit ...
How do I withdraw from a kid's account?
For Kid's Savings account you will be able to withdraw part of the funds. However for Kaamiyaabu Kids account you will need to close the account in order to withdraw funds. Both of these actions can only be done by an authorised person visiting the ...
How much profit did I earn from my deposit?
We publish the profit rates for each month during the first week of the subsequent month regularly on our website. Your profit will be credited to you account in the prescribed period relevant to your account. Published Profit Rates
Requirements for Accounts for Foreigners
NOT APPLICABLE FOR NRFA ACCOUNTS The following are the requirements for account opening for foreigners residing in the Maldives. Account Opening Application Form set Passport (Original) Work permit (Original) / Marriage visa card original (original) ...
Requirements for Opening a Kid's Account
The following are the requirements to open a account for a Child. Children Below 10 Years Maldivian Application form set NID card of the Child NID of mother / father / legal parent Mandate form for both mother and father want to become signatories ...
Requirements for sending a TT
REQUIRED DOCUMENTS: IMPORT OF GOODS SERVICES: Beneficiary’s proforma invoice/Quotation in Company letter hear with the following details Currency and amount The cost per unit of the product (IF applicable) Details of the products/services port of ...