Term Deposit - BND

Providing you with fixed term investing account facilities

With a minimum balance of only BND 1,000, you can enjoy higher returns than a regular savings account while planning for your finances
Enjoy peace of mind, knowing you are investing in a Shariah compliant term deposit accounts
Choose the length of your term deposit period: 1, 3, 6, 9, 12, 24 or 36 months
The profits are paid on maturity and may be reinvested with the deposit amount
Deposits may be made in cash, cheque or by direct account transfer
Certificate of deposit is provided for easy tracking (for BBA concept only)

Shariah Concept
- Wakalah
  The Depositor ("Muwakkil") enters into a Wakalah Agreement with the Bank ("Wakil") and deposits a certain amount of money to the Bank to be utilized and invested in profitable Shariah-compliant transactions. The Depositor will be offered the expected profit rate from the Investments and the Bank will earn a Wakalah fee for the service rendered. Any amount that the Bank earns in excess of the Depositor's expected profit (after deducting the Wakalah fee) will be retained by the Bank as incentive.
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:
- Letter of Application
For Private Limited Company:
- Directors' Resolution to open/maintain term Investments
Fees and Requirements
- Minimum Opening Deposit
  For term period of 1 month, minimum opening deposit is BND 5,000.
  
  For term periods of 3 months or longer, minimum opening deposit is BND 1,000.
For more details, please refer to the Bank's Schedule of Tariffs.
Profit Distribution
- There will be no profit for termination less than 1 month.
- Profit, at the Bank's discretion, may be paid proportionately to the completed months at the prevailing rate at the time of termination.

Click to view General Wakalah Terms & Conditions of Deposit Products in English and Malay. Term Deposit Brunei Dollar (BND) Product Disclosure Sheet.

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