Personal

Barakah 8

BIBD BARAKAH 8 CAMPAIGN TERMS AND CONDITIONS

The following Terms and Conditions (“these Terms”) shall apply exclusively to “BIBD Barakah 8” (“the Campaign”) held by Bank Islam Brunei Darussalam Berhad (“BIBD”).

 

1. Campaign Period

The Campaign will commence from 15th July 2018 to 15th January 2019 inclusive (“Campaign Period”) or such other date(s) as may be varied by BIBD at its sole discretion from time to time.

 

 

2. Eligibility

2.1 The Campaign is open to all new and existing BIBD customers who open and maintain personal accounts with BIBD for the following products, facilities and accounts (collectively “BIBD Products”) and whose accounts are in good standing with BIBD during the Campaign Period:

Category

Eligible Product

AOS

CIF

  • Assignment of Salary

Product

 

Financing

  • Personal Financing
  • Home Financing
  • Home Improvement Financing
  • Education Financing
  • Consolidation Financing

Certificate of Deposit

  • Aspirasi

Credit Card

  • VISA Credit Card
  • Mastercard Credit Card
  • Card Hijrah Scheme

Segment

 

Perdana Privilege Banking

  • All the above for Perdana customers

2.2 Customers, whose accounts have been suspended, cancelled or terminated for whatsoever reasons during the Campaign Period, shall automatically be disqualified from the Campaign.

2.3 Each successful and approved application and/or transaction by BIBD (in accordance with the Campaign Mechanics below) during the Campaign Period will qualify for participation in the Campaign and be entitled for the draw entry (“Draws”).

2.4 There shall be no limit to the number of Draws and customers may be entitled to multiple Draws depending on the BIBD Products applied for during the Campaign Period. 

2.5 Employees of BIBD and their immediate families are NOT eligible to participate in the Campaign.

 

3. Campaign Mechanics

3.1 During the Campaign Period, the following criteria and conditions must be met by the Customer to enter the Campaign and be eligible for the Draws to any of the prize(s) listed herein below.

(a) CIF

Criteria

Entries

Conditions

 

New Assignment of Salary (AOS)

2

 

 
 
 

 

(b) Financing

Product

Criteria

Entries

Conditions

Personal Financing

Every $5,000 of financing

amount

1

 

  • Applicable only upon disbursement.

Consolidation Financing

Every $5,000 of financing amount

1

 

  • Applicable only upon disbursement.

Home Improvement

Financing

Every $5,000 of financing amount

1

 

  • Applicable only upon disbursement.

Home Financing

Every $25,000 of financing amount

2

 

  • Applicable only upon disbursement.

Education Financing

Every $5,000 of financing amount

2

 

  • Applicable only upon disbursement.

 

(c)  Certificate of Deposit

Criteria

Entries

Conditions

 

First $500 of deposit amount

1

 

  • Minimum holding period of ninety (90) days; and
  • Minimum holding period must be within Campaign Period.
 
 
 

 

(d) Credit Card

Category

Criteria

Entries

Conditions

Acquisition

Sign up for

VISA Credit Card

1

 

Sign up for Mastercard

Credit Card

2

 

  • Applicable only upon activation.
  • At least swiped once during the Campaign Period to be eligible.

Card Hijrah Scheme

Migrate your credit card to BIBD

(Similar to Credit Card Balance Transfer)

 

1

 

  • Transfer balance of minimum $1000.
  • 0% Admin Fee for first six (6) months. 1.5% admin fee monthly applicable thereafter.
  • Processing Fees waived during Campaign Period.

 

(e) Segment

Category

Criteria

Entries

Conditions

Perdana

Privilege Banking

Refer to Clause

3.1 (a) – (d)

Triple*

 

  • Upon successful application and approval during Campaign Period.

*Only on base entries and eligible products

 

4. Draw and Prizes

4.1 Five (5) finalists will be picked every month. At the end of the Campaign Period, a prize selection event will be held on such dates as BIBD may determine at its sole discretion.

4.2 Under this Campaign, the draw mechanism will be as follows:

Category

Qualifying Period

Prizes

Monthly

Draw

M1

15/07/18 – 14/08/18

5 x B&O BeoPlay P2

M2

15/08/18 – 14/09/18

5 x B&O BeoPlay P2

M3

15/09/18 – 14/10/18

5 x B&O BeoPlay P2

M4

15/10/18 – 14/11/18

5 x B&O BeoPlay P2

M5

15/11/18 – 14/12/18

5 x B&O BeoPlay P2

M6

15/12/18 – 15/01/19

5 x B&O BeoPlay P2

Grand

Draw

Grand Winner

15/07/18 – 15/01/19

1 x $25,000

Umrah Package (for Muslim)

Euro Trip Package (for non-Muslim)

Both packages include air fares, accommodation and spending money for up to 4 family members

 

 

2nd  – 6th

Winners

 

5 x iPhone X

 

 

 

7th - 15th

Winners

 

9 x B&O BeoPlay A1

 

4.3 A random selection of eligible entries will be drawn via a computerised system from the pool of eligible entries within the Campaign Period and as explained in the section titled “Campaign Mechanics” above.

4.4 Winners will be picked at random and BIBD reserves the right to select/draw/ reserve other winners or to replace/substitute any winner who is or may has been found to be ineligible or disqualified without providing any reason whatsoever.

4.5 The photos of the prizes are for visual purposes only and are not absolute. BIBD shall have the exclusive right to change the prizes from time to time.

4.6 Prizes may not be exchanged or transferable for cash or prizes-in-kind.

4.7 Notwithstanding anything herein, BIBD reserves the right to substitute or replace the prize with an alternative prize of similar monetary value without having to assign any reason thereto.

4.8 If BIBD subsequently determines that a person is ineligible or has been disqualified for a prize for any reason whatsoever, BIBD may at its discretion reclaim the prize and award it to such person(s) or deal with it in any manner as it deems fit.

4.9 The prizes hereto are provided on an “As Is” basis and BIBD makes no representation or warranty whatsoever for any inherent defect(s) with respect to the prizes.

4.10 Any disputes with regards to the quality of the prizes should be resolved directly with the supplier and use of the prizes shall also be subject to the terms and conditions of the supplier.

4.11 No person shall be entitled to any payment or compensation from BIBD should any prize be forfeited or reclaimed.

 

5. Winners

5.1 All winners will be notified by telephone and/or via SMS or such mode of communication deemed acceptable by BIBD.

5.2 The winners hereby authorize and consent to the public disclosure of their names, pictures or any other details in any form of media as may determined by BIBD for advertising, publicity or commercial purposes.

 

6. General

6.1 By participating in the Campaign, the customer expressly agrees to be bound by these Terms.

6.2 BIBD reserves the right to extend, cancel, terminate or suspend the Campaign at any time without assigning any reasons whatsoever without any prior notice.

6.3 For the avoidance of doubt, any extension, cancellation, termination or suspension of the Campaign shall not entitle the eligible customer for any claim or compensation against BIBD and for any and/or all losses or damage suffered or incurred by customer as a direct or indirect result of the act of extension, cancellation, termination or suspension.

6.4 BIBD reserves the right to modify, amend, vary, or add to any of these Terms from time to time without any prior notice.

6.5 In the event of any inconsistency between these Terms and any other brochure, marketing or promotional materials relating to this Campaign, these Terms shall prevail.

6.6 BIBD shall not be liable for any loss, damage, or expenses arising out of or in connection with the Campaign or due to any act of God, war, riot, strike, lockout, industrial action, fire, storm, act of terrorism, technical or system failures or any event beyond the reasonable control of BIBD.

6.7 BIBD’s decision on any or all matters relating to the Terms of the Campaign shall be final, conclusive and binding and no correspondences, queries, appeals or attempts to dispute such decision shall be entertained.

6.8 These Terms shall be governed by and construed in accordance with the laws of Brunei Darussalam and the Courts of Brunei Darussalam shall have exclusive jurisdiction to hear any dispute or claim arising hereunder.

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