Bank of Maldives (BML) on Thursday announced the launch of the Shari’ah compliant BML Islamic Visa Credit Card in the Maldives.

The BML Islamic Visa Credit Card is offered based on the principle of Ujrah, the concept of charging an agreed fee for providing services to a customer. The card, available as Classic, Gold, Platinum or Signature, can be used for both local and foreign transactions and features advanced security features with global acceptance across millions of merchants. Customers can also register for the BML Rewards program to earn points for making purchases on credit cards which can then be used for flight, car, or hotel bookings, or even vouchers for local and international merchants.

Hassan Kalaam, Director of Islamic Banking stated "As part of our commitment to enhancing the Islamic banking experience for our customers, we are delighted to add Visa to our Shari’ah compliant credit card portfolio. By combining the global reach of Visa with our Islamic banking principles, we aim to provide a unique and secure option for customers who seek ethical banking solutions."

BML Islamic has been at the forefront of introducing pioneering products in the Maldivian banking sector. The launch of the BML Islamic Visa Credit Card follows the Bank’s introduction of the country’s first ever Shari’ah compliant credit card earlier this year.