SME Digital to host open day for conversion of conventional loans to Islamic financing facilities

SME Digital has sent offers to customers through SME Portal who are eligible for refinancing. During the Open Day, SME Digital’s team will provide guidance and support to customers regarding their refinancing offers and assist them in completing the conversion process on the spot.

SME Digital

SME Digital

SME Digital to host a special Open Day to assist customers in converting their existing conventional loans into fully Islamic financing facilities.

The Open day will take place on 16 May 2026, Saturday from 10:00am to 4:00pm at Maldives Polytechnic.

SME Digital has sent offers to customers through SME Portal who are eligible for refinancing. During the Open Day, SME Digital’s team will provide guidance and support to customers regarding their refinancing offers and assist them in completing the conversion process on the spot.

Customers who accept the refinancing offer will be able to sign their refinancing agreements during the event. All customers attending the Open Day are requested to bring their National ID Card for the event. 

The Islamic refinancing facility offers several benefits to customers, including:

• Conversion of existing conventional loans into Islamic financing facilities

• Extension of the repayment period

• Reduced monthly installment amounts

• Opportunity to improve credit records through regular repayments

Customers who may have faced difficulties in maintaining regular payments can also benefit from the refinancing program. Customers who make regular repayments for six consecutive months after refinancing may have the opportunity to clear their credit records and become eligible to apply for additional financing in the future.

Refinancing all conventional loans to Sahirah complaints facilities is an important initiative towards for SME Digital to become a fully Shariah-compliant financial institution.

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