A Deposit Scheme offered to customers who wish to build up their savings and potentially earn higher returns

Features & Benefits

  • It is an open-ended scheme allowing customers to participate and withdraw anytime.
  • It is designed to encourage customers to stay invested and continue to build their savings portfolio through the Reward Program
  • Shariah Concept
    • Wakalah

      The Depositor ("Muwakkil") enters into a Wakalah Agreement with the Bank ("Wakil") and deposits a certain amount of money to the Bank to be utilized and invested in profitable Shariah-compliant transactions. Depositor will be offered the expected profit rate from the Investments and the Bank will earn a Wakalah fee for the service rendered. Any amount that the Bank earns in excess of the Depositor's expected profit rate (after deducting the Wakalah fee) will be retained by the Bank as incentive

  • Eligibility
    • Brunei Citizens and Permanent Residents aged 18 and above
    • Individuals under 18 must open joint account with parent or guardian
    • Foreign citizen with valid work/student permit
  • Required Documents
    • Original identity card or passport
    • Original birth certificate (for dependent account)
  • Fees and Requirements
    • Minimum opening deposit of BND 500.00 is required
    • Subsequent deposit in multiple of BND 50.00
    • Maximum deposit of BND 100,000.00

For more details, please refer to the Bank's Schedule of Tariffs or the list of applicable rates for this product.

Please read this Product Disclosure Sheet before you decide to take the BIBD Aspirasi Certificate of Deposit. Be sure also to read the General Terms and Conditions.

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