Features & Benefits

  • Higher Eligibility
    • Get a higher financing entitlement of up to 97% of property value
    • Gain maximum financial control with flexible monthly installments for up to 30 years
    • Financing amount up to BND 1 Million
  • More Affordable
    • Enjoy 0% profit rate* for the first 6 months of repayment
    • Tiered pricing structures
    • Higher subsidies to cover: Legal Documentation Fee, Property Valuation Fee, Mortgage
    • Redemption Term Assurance (MRTA)
  • Ethical
    • Shariah compliant
    • Reap the benefits of shared ownership principle based on the Musyarakah Mutanaqisah concept

Shariah Concept

This product is created using two Shariah concepts.

  • Musharakah Mutanaqisah

    The Bank and the Customer agree to jointly purchase and co-own a property, which is called a Musharakah agreement. Both Customer and the Bank will contribute to the Musharakah by contributing Musharakah Shares (the Customer will contribute by paying the deposit, while the Bank will contribute the remaining finance amount). The Customer undertakes to buy the shares owned by the Bank gradually until all of the Bank’s shares are purchased by the Customer over the period of finance. Learn more »

  • Ijarah

    The Bank will lease its shares of the property to the Customer under the Shariah principle of Ijarah. In other words, the Customer will pay Ijarah rentals to the Bank over the period of finance. Learn more »


  • Brunei Citizens and Permanent Residents
  • Individuals aged 18 years and above
  • Currently in the employment of the Brunei government, semi-government sectors or private sectors recognised by BIBD

Required Documents

  • Original copy of identity card or passport
  • Copy of latest salary slip
  • Confirmation of salary / service contract / rental / pension (where applicable)
  • Statement of savings with other financial institution (where applicable)
Property Documents
  • Land title deed
  • House plan
  • Sales and purchase agreement

Fees and Requirements

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

* Terms and Conditions apply.

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