SME Digital will hold a special open day on 15 August to help customers refinance existing conventional loans through Islamic financing.

The open day will be held at the BML Islamic Malé branch from 9am to 4pm.

Customers eligible for refinancing have already been sent offers through the SME Portal. During the event, customers can review their offers, receive further information and complete the refinancing process by signing a new agreement.

Customers must bring their identification card.

SME Digital said refinancing will provide customers with benefits including longer repayment periods and lower monthly instalments. Customers who have faced difficulties making repayments will also have an opportunity to improve their credit records by making regular payments for six months under the new agreement.

The initiative is part of SME Digital’s efforts to transition towards providing fully Sharia-compliant financing.