Term Deposit Foreign

Term deposit account facility in your choice of foreign currencies.

Eligibility

Brunei Citizens and Permanent Residents
Foreign Citizens with valid work / student permit,
Individuals aged 18 and above
Required Documents

Original identity card or passport
Requirements

Minimum opening deposit of 5,000 foreign currency units is required
Fees

Refer to the Bank's Schedule of Tariffs.

Features

Transact in AUD, EUR, GBP or USD

Profits earned may be reinvested in deposit account

Suitable For

Students
Retired Individuals

Working Professionals

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General Wakalah Terms & Conditions

Shariah Concept

Wakalah

Refers to Agency contract. The Depositor (“Muwakkil”) appoints the Bank as their agent (“Wakil”) to utilize and invest their deposits in profitable Shariah-compliant transactions. The Depositor will be offered an expected profit rate from the investments and the Bank will earn an Agency (“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 Commission (“Ju’alah”).

Profit Distribution

No profit for termination of term deposit less than 1 month.

Profit, at the Bank’s discretion, may be paid proportionately to the completed months at the prevailing rate at the time of termination.

Further Information

Please read the General Wakalah Terms & Conditions of Deposit Products (English / Malay) before you decide to take up the product.

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

Guaranteed protection up to maximum B$ 50,000.00 per depositor under the Deposit Protection Scheme.