UICE Account
A current account for Unincorporated Organisations.
A current account that caters for all unincorporated organisations. It is also offered to societies or associations that are registered with the Royal Brunei Police Force (RBPF).
Eligibility
- Mosques.
- Government Schools.
- Welfare bodies within Government Departments.
- Non-Profitable Organisations and Associations.
- Sports Associations.
- Also offered to societies or associations that are that are registered with Royal Brunei Police Force ("RBPF").
Required Documents
Authorisation Letter by the central or reporting authority of the applying organisation:
- Original copy of identity cards of the signatories.
- Certified extract of Minutes of Meeting of the organisation relating to the opening of the BIBD account with the appointment of the authorized signatories duly authorized to operate the account.
- Certificate of Registration of Society.
Fees and Requirements
- Minimum Opening Deposit:
- Minimum opening deposit of BND 50.00 is required. Account will automatically be closed if zero (0) balance in the account for twelve (12) consecutive months.
- Cheque Book Fee:
- BND 50.00 per per book. Account will be automatically closed if returned cheques occur six (6) times or more within twelve (12) months.
- Early Closure Account Fee:
- Waived
- Please refer to the Bank’s Schedule of Tariffs for more details.
Features
- Minimum opening deposit of BND50.00 with no minimum balance.
- Monthly bank statements to help you track transactions and account balance.
- Access your account anytime, anywhere through BIBD BizNet.
- Foreign currencies and remittances facilities available. (if required)
Features
Access your account anytime, anywhere through BIBD BizNet
Settle your bills easily through online bill payment
Monthly bank statements are given to help you track your transactions and account balance
Foreign currencies and remittances facilities
Quick Links
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”).