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12 June 2018

BIBD hands over business Zakat for Financial Year 2017

June 12th, 2018 – BIBD today performed its Zakat obligations by handing over its Zakat on Business for the financial year 2017, along with the Zakat for customer deposits to the Brunei Islamic Religious Council (MUIB).

BIBD’s Zakat on Business for 2017 amounted to B$2,191,839.84, whilst Zakat for customer deposits for the period of 2017-2018 came in at B$721,168.49.

The Zakat were handed over by Yang Mulia Dato Seri Setia Awang Haji Abdul Aziz bin Orang Kaya Maharaja Lela Haji Yussof, Shariah Advisory Body Chairman of BIBD and its subsidiaries, and
Permanent Secretary at The Ministry of Religious Affairs, to Yang Berhormat Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Haji Awang Badaruddin bin Pengarah Dato Paduka Haji Awang Othman, the Minister of Religious Affairs (MoRA), in his capacity as MUIB President.

Also in attendance were the Deputy Minister of Religious Affairs, along with BIBD Managing Director and Chief Executive Officer, Yang Mulia Mubashar Khokhar, and other MoRA and BIBD officials.
The event took place at the Ministry of Religious Affairs building in Berakas.

As one of the five pillars of Islam, the payment of Zakat is a method of purifying and distributing wealth, supporting those in need as stipulated by Shariah. In order to also help its Muslim customers meet this obligation, BIBD has provided its customers the convenience to pay their Zakat for customer deposits at its branch counters in Brunei Darussalam.

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