Malé
Bank of Maldives (BML)’s Islamic branch has introduced Green Financing for individuals and businesses seeking to fund environment-friendly projects such as solar power generation or investments in energy efficient products. Customers eligible for the newly introduced unsecured Green Financing can attain between MVR 50,000 to MVR 500,000 without any additional security or equity contribution, at a rate of 12 percent for a 5-year period. Additionally, BML Islamic offers a secured facility at a rate of 10 percent for personal and business customers that require financing for larger investments of up to MVR 20 million. —The Edition
