Foreign Currency Account
A current account facility in your choice of foreign currencies.
Eligibility
- Companies registered or incorporated in Negara Brunei Darussalam, either in the form of a proprietorship, partnership or private limited company.
Required Documents
- For Proprietorship & Partnership Company:
- Certificate of Registration - Section 16 and 17.
- Original copy of identity card(s) of the propreitor/ partners/ signatories.
- For Private Limited Company:
- Certificate of Incorporation.
- Particulars of Directors and Shareholders. (Form X)
- Original copy of identity cards of the directors/signatories.
- Directors' Resolution to open/maintain term Investments.
Fees and Requirements
- Minimum Opening Deposit:
- Minimum opening deposit in the specified foreign currency (FCY) is required.
- You may refer to the Bank’s Schedule of Tariffs for more fee details.
Features
Transact in: AUD, EUR, GBP. RMB, SAR, and USD
Easy track of transaction via BizNet
Telegraphic Transfer or Demand Draft at any of our counter services
Foreign currencies and remittances facilities
| Currency | Minimum Initial Deposit | Minimum Daily Balance | Fall Below Fee (Imposed Every Month) | Early Closure Fee (Closed within the first 6 months of opening) |
|---|---|---|---|---|
| AUD | A$ 2,000 | A$ 2,000 | A$ 10 | A$ 40 |
| RMB | CN¥ 5,000 | CN¥ 5,000 | CN¥ 60 | CN¥ 300 |
| EUR | € 2,000 | € 2,000 | € 10 | € 25 |
| GBP | £ 2,000 | £ 2,000 | £ 10 | € 25 |
| SAR | 3,000 ﷼ | 3,000 ﷼ | 40 ﷼ | 150 ﷼ |
| USD | US$ 2,000 | US$ 2,000 | US$ 10 | US$ 25 |
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”).