Gaurantee Facilities

Every successful business depends on guarantee facilities, especially when you are attempting to secure a Government backed project. Therefore to all interested customers we offer a series of Bank Guarantee facilities:

  • Bid Guarantee

  • Performance Guarantee

  • Advance payment Guarantee

  • Payment Guarantee

  • All kinds of Guarantees Acceptable by Shariah

A Bank Guarantee is an undertaking by Maldives Islamic Bank to pay the beneficiary the amount specified in the guarantee in any circumstance where a default or a failure to payment has occurred. It is under the concept of Kafalah or Surety.