Business

Term Deposit - Foreign Currency

Term deposit account facility in your choice of foreign currencies.

Features & Benefits

  • Flexibility to transact in any of the 4 major foreign currencies: AUD, EUR, GBP and USD.
  • Easy tracking of your transactions and account balance through certificate-based monthly statements.
  • Pre-agreed profits will be given as long as you invest with us for a minimum of 1 month.
  • 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

      Minimum opening deposit of $5000.00 in the specified foreign currency (FCY) is required.

    • Deposit / Withdrawal Fee

      Please refer to 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.

Stay Connected

Get the BIBD Mobile App