UICE Account

A current account that caters for all unincorporated organisations. It is also offered to societies or associations that are registered with the Royal Brunei Police Force (RBPF).

  • Eligibility

    Mosques.

    Government Schools

    Welfare bodies within Government Departments.

    Non-Profitable Organisations and Associations.

    Sports Associations.

    Also offered to societies or associations that are that are registered with Royal Brunei Police Force ("RBPF").

  • Required Documents

    Authorisation Letter by the central or reporting authority of the applying organisation:

    Original copy of identity cards of the signatories.

    Certified extract of Minutes of Meeting of the organisation relating to the opening of the BIBD account with the appointment of the authorized signatories duly authorized to operate the account.

    Certificate of Registration of Society.

  • Fees & Requirements

    Minimum Opening Deposit
    Minimum opening deposit of BND50.00 is required. Account will automatically be closed if zero (0) balance in the account for twelve (12) consecutive months.

    Cheque Book Fee
    BND0.50 per cheque leaf, up to BND25.00 per book (50 leaves). Account will be automatically closed if returned cheques occur six (6) times or more within twelve (12) months.

    Early Closure Account Fee
    Waived.

    Please refer to the Bank's Schedule of Tariffs for more details.

  • Features

    Minimum opening deposit of BND50.00 with no minimum balance.

    Monthly bank statements to help you track transactions and account balance.

    Access your account anytime, anywhere through BIBD BizNet.

    Foreign currencies and remittances facilities available (if required).

Features

  • Access your account anytime, anywhere through BIBD BizNet.

  • Monthly bank statements are given to help you track your transactions and account balance.

  • Settle your bills easily through online bill payment.

  • Foreign currencies and remittances facilities

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 utilised and invested in profitable Shariah-compliant transactions. The 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 will be retained by the Bank as Ju’alah (Commission).

Further Information

Click to view General Wakalah Terms & Conditions of Deposit Products in English and Malay.