BML Islamic introduces Mastercard Business Debit Card

Bank of Maldives (BML) Islamic has introduced a Shariah compliant Mastercard Business Debit Card for business customers.

The newly introduced Mastercard can be used for transactions on business accounts worldwide.

Speaking about the Mastercard, BML CEO & Managing Director Timothy Sawyer highlighted that this new Mastercard will provide easy cashless transactions for businesses.

As per BML, businesses can withdraw up to MVR 25,000 daily and USD 2,000 per month (Maximum USD 1,600 per day). Annual Fee for the Mastercard remains MVR 50 or USD 3.33.

Foreign spend on debit cards with a primary MVR account remains USD 250 under the new temporary limitations.

BML Islamic's Mastercard Business Debit Card includes all the security features as all other BML cards.