Key facts

Name Bank Islam Brunei Darussalam Berhad (BIBD)
Business Full-service Islamic financial institution
Head Office Lot 159, Jalan Pemancha, Bandar Seri Begawan, BS 8711, Negara Brunei Darussalam
Total Group Assets BND 9.5b at year end (2016, audited)
Group Profit after Zakat and Taxation BND 104.2m (2016, audited)
Group Capital Adequacy Ratio Tier 1 (Core Capital) 20.8% (2016, audited)
Group Net Non-Performing Financing Ratio 4.9% (2016, audited)
Credit Rating A- (Stable) by S&P Global (17.2.2017)

Brunei’s Leading Financial Institution

BIBD, Brunei’s largest bank and flagship Islamic financial institution, was formed in 2005 through the merger of Islamic Bank of Brunei and Islamic Development Bank of Brunei. It is an internationally recognised financial institution governed by global best practices under the guidance of an experienced management team. BIBD is committed to meeting the needs of our customers from all walks of life through continuous service, product and technology innovations.

As Brunei’s flagship Islamic bank and largest financial services provider, with around 900 employees and B$ 9.5 billion worth of assets under management, we proudly serve more than 200,000 customers. Our valued customers include retail, corporate as well as international clients.

Headquartered in Bandar Seri Begawan, we have sixteen branches at strategic locations in Brunei’s four districts and the largest network of ATMs in the country, serving over a quarter of the Bruneian population. Thanks to BIBD’s presence across the country, we have the largest contact center in Brunei along with a digital mobile chat capability, and offer our customers convenience through solutions such as internet and mobile banking.

BIBD is the only bank in Brunei that serves all segments within the retail banking market. With a strong focus on innovation and excellence, we have been consistently recognised for our dedicated customer service and ability to deliver value to all our stakeholders. It is also through continuous hard work, effort and commitment from our people that we are able to provide seamless and innovative services to our customers, and ensure that their banking experience with us is unique and best-in-class.

Since the commencement of our transformative journey, BIBD has made great strides in the development of its capabilities, which included upgrades in its overall service delivery and branch design that depict the Islamic visual canvas of Brunei Darussalam. This distinct identity sets BIBD apart from other financial institutions in Brunei Darussalam, while establishing a service benchmark that is truly “Bruneian at Heart”. The amalgamation of all these efforts places BIBD in a stronger position to deliver on its aspirations and forge ahead in the local and international arena.

Shareholders

  • Ministry of Finance, Brunei Darussalam
  • Sultan Haji Hassanal Bolkiah Foundation
  • Fajr Capital Limited
  • Approximately 6,000 individual Bruneian investors

Bruneian at Heart

BIBD is a bank for the people of Brunei, built by the people of Brunei. Our ethos perfectly captures the essence of inclusiveness of Islamic banking. We provide smart, safe and practical financial services and solutions to our customers regardless of race or religion, ultimately supporting the ambitions of the Bruneian community. BIBD’s long-standing record of intrinsically and genuinely understanding the aspirations and culture of Brunei Darussalam inspires and enables us to constantly innovate to offer solutions that best fit the needs of all our customers.

Governance

BIBD is committed to sound corporate governance and is fully guided by the principles and regulations set forth by the Autoriti Monetari Brunei Darussalam (AMBD), national Syariah Financial Supervisory Board (SFSB) and the Company’s Act Chapter 39. The Bank has strong internal control and risk management in place with internationally benchmarked standards, especially in the financial, shariah and risk practices.

Active Subsidiaries & Associate

  • BIBD At-Tamwil Bhd

  • A wholly-owned subsidiary, mainly handling the provision of Islamic hire-purchase facilities

  • BIBD Securities Sdn Bhd

  • A wholly-owned subsidiary, offering Islamic wealth management products and brokerage services for local BIBD shares and foreign securities listed on the Kuala Lumpur and Singapore stock markets

  • Syarikat Takaful Brunei Darussalam (Associate)

  • It provides General and Family Takaful services through its subsidiaries: Takaful Brunei Am and Takaful Brunei Keluarga

  • BIBD Al-Kauthar Funds DCC Incorporated

  • For the provision of fund management services

  • Belait Barakah Sdn Bhd

  • For the provision of vessel leasing facilities

  • Better Sdn Bhd

  • A subsidiary fully owned by BIBD At-Tamwil providing car-leasing services

Contacts

MD'S Office Pg Ashrin bin Pg Md Zaidi mdo@bibd.com.bn
Media Shairazi Zainuddin corporate.communications@bibd.com.bn