SOLE TRADER APPLICATION FORM

REQUEST TYPE IMPORTANT INFORMATION

New application Change Plan i. Write 3 Usernames that you prefer. Your Username must be 6 to 10 characters long and
can contain letters and numbers. The Bank will randomly assign one of the three
Usernames depending on availability. The Bank may also assign a different Username at
Business Basic Business Premium the Bank’s discretion.
ii. Your Username will be emailed to your registered email address and your Password will
be sent to your registered mobile number via SMS.
iii. Mobile app token is available for iOS, Android and Windows Phone and can be downloaded
BUSINESS & PERSONAL DETAILS (FILL IN BLOCK LETTERS) freely on the respective stores.
iv. Classic and Card token devices can be collected from the Bank.
v. If you have more than one account at MIB, write one of your account numbers. All of your
Name of business (As in the business registration certificate) accounts will be linked to your FaisaNet user.
vi. Your Daily Limit is the maximum transaction(s) amount (MVR or USD) you can do daily.
vii. Please be mindful of security while using FaisaNet. Here are some tips.
a. Make sure you login to the correct FaisaNet website, advisably, by always typing the
Registration no. (Please attach a copy of the registration certificate) address, faisanet.mib.com.mv, in your web browser.
b. Never disclose your Username or Password to anyone and change your Password
periodically.
c. MIB will never request for your Password, OTP or any personal information on emails
or pop-ups. If you get any suspicious pop-ups or emails, or suspect any fraudulent
Full name of applicant (Mr. / Ms. / Dr. / Other) activity on your accounts, report them to us immediately on 3011100 or at
faisanet@mib.com.mv. You can also report them on FaisaNet.
d. Always keep your anti-virus software up-to-date with the latest virus signatures.
viii. The usage of FaisaNet is subject to some fees and charges as described below. Additional
fees may be charged as per MIB’s List of Bank Charges.
ID card no. / Passport no. (Please attach a copy)
Business Basic Business Premium
Registration fee MVR 250 MVR 500
Annual fee MVR 1,000 MVR 2,000
Mobile no. Telephone no. (Home/Office)

Mobile app Classic Premier

Token registration fee FREE MVR 300 MVR 600
Email address Token replacement fee MVR 50 MVR 300 MVR 600

DECLARATION
Your account no. (Applicable charges will be debited from this account)

9 9 0 I/we, the undersigned, hereby make this unilateral declaration to Maldives Islamic Bank Pvt.
Ltd. (the 'Bank'), that;

i. I/we have read and understood the Terms and Conditions of FaisaNet and agree to be
USER bound by them. I/we accept that the usage of the FaisaNet will also be construed by the
Bank as my/our acceptance of the Terms and Conditions applicable to the FaisaNet.
ii. By signing below, I/we hereby request the Bank to issue a FaisaNet account in my/our
Username must be 6-10 characters long and must contain letters and numbers only. favor.
iii. I/we confirm that I/we have the required mandate to operate my/our account(s) issued
Preferred Username 1 by the Bank.
iv. I/we hereby confirm and warrant that the information provided in this application is true,
accurate and correct.
v. I/we accept that the FaisaNet account will be issued at the sole discretion of the Bank.

Preferred Username 2
YOUR SIGNATURE

Preferred Username 3

Date

Daily limit

MVR
Please make sure the following documents are submitted along with this form.

ID card copy of the owner Copy of business registration certificate

SECURITY TOKEN

Mobile app token (Available for iOS, Android and Windows Phone).
BANK USE ONLY
Activation code delivery method
S.ID Initials
SMS Email
Application received and verified by
Token device
Signature verified by
Classic Premier
CIF on CBS updated by

Application input to system by

Application approved by

Ameer Ahmed Magu, 20030, Malé City, Republic of Maldives . Tel: 3011100 . Email: faisanet@mib.com.mv . Website: www.mib.com.mv