Bank of Maldives (BML) Islamic has introduced the country's first-ever Shariah compliant credit card.
The new BML Islamic Credit Card that runs on the American Express network was launched on Monday night with a host of local and international benefits for card members.
The benefits include exclusive savings on booking.com and offers on dining experiences. The card also offers instalment payments through BML EasyPay.
"BML Islamic Credit Cards are designed to meet the needs and preferences of our customers who wish to use a Shariah-compliant payment solution," BML's Director of Islamic Banking Hassan Kalaam said.
Bank of Maldives (BML) Islamic has introduced the country's first-ever Shariah compliant credit card.
According to the bank, the BML Islamic Credit Card is offered based on the principle of Ujrah, the concept of charging an agreed fee for providing services to a customer.
BML said customers can also register for the BML Rewards program to earn points for making purchases on credit cards. Rewards points can be used for flight, car or hotel bookings and even vouchers for local and international merchants.
"This card, uniquely crafted for the Maldives market, reflects our commitment to delivering unmatched value and access to global benefits for Bank of Maldives Card Members," VP/GM, Global Network Services, Asia and South Pacific Growth Markets, American Express Divya Jain said.
The new BML Islamic Credit Card can be used for both local and foreign transactions and has the same advanced security features as other cards. It is available as a Standard, Gold and Platinum card.
