Term Deposit - BND

Providing you with fixed term investing account facilities

Features & Benefits

  • 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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