The Bank of Maldives (BML) has launched the Masveriyaa portal, a digital platform designed to provide fishermen with easier access to tailored financial services.  
The portal was officially launched by Transport Minister Mohamed Ameen during the Fishermen’s Day function in R.Dhuvaafaru on Saturday.  
According to BML, the portal offers a wide range of Islamic financing products to support the livelihoods and aspirations of registered fishermen. Those listed in the National Register of Fishermen can now apply directly through the platform.  
Financing options available through the portal include:  
Home purchase  
Construction and renovation of houses  
Higher education  
Vehicle purchase and repair  
Investment in guesthouse businesses  
Light financing for fishing equipment and other needs  
The bank has also introduced a special facility allowing fishermen to access up to MVR 300,000 in financing without equity, self-financing, or mortgage. Repayment schedules are adjusted based on changes in fishing income.  
Supporting our fishing community! ????The Masveriyaa portal offers a full range of Islamic personal financing products to support the livelihoods and aspirations of the fishing community. View portal: https://t.co/vfrmtt8NTj pic.twitter.com/GVcncWdvRw
— Bank of Maldives (@bankofmaldives) December 13, 2025
For higher education, the portal offers financing of up to 90 percent of total costs, with a profit margin of just 2.5 percent, the lowest rate offered by any bank in the Maldives, according to BML.  
For boat construction, purchase, and repair, up to 70 percent financing is available, with repayment spread over seven years.  
BML also announced plans to introduce card services through the Masveriyaa portal soon.  
BML CEO and Managing Director Mohamed Shareef said the portal builds on an agreement signed earlier this year with the Ministry of Fisheries and Marine Resources, aimed at improving financial access for fishermen.  
“We strive to provide the most useful financial solutions to all sectors of the country,” Shareef said.  
The bank noted that since last year’s Fishermen’s Day, it has been depositing payments within 48 hours of fish purchases, reinforcing its commitment to the fishing community.