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Syariah Concept
Al-Wadiah Yad Ad Dhamanah (Guaranteed Safe Custody)

Type of Account
  • Minor Account with Trustee
    (Trustee will no longer be required upon reaching 18 years old)

Account Criteria

  • Open to ages below 18 years old, to Muslims and Non-Muslims
  • The parent(s) or guardian(s) shall hold(s) the minorís account(s) in trust until minor reaches 18 years old
  • Upon reaching 18 years old, account will automatically be converted to Akaun Biasa in the sole name of the minor
  • Open to Bruneian citizens and permanent residents
  • Minimum Initial Deposit of BND50

Methods of Deposit

  • Cash Deposit
  • Cheque Deposit
  • Standing Instruction
  • Salary Deduction

Basic Documentation Requirement*

  • Original Birth Certificate / Identification Card
  • Identity Card of parent(s) or guardian(s)

Benefits

  • 24/7 Cash Deposit Machine (CDM).
  • No restrictions on number of withdrawals
  • Zakat Calculation and Payment
  • Hibah*
    *Hibah is at sole discretion of Perbadanan TAIB

*Terms and Conditions
Subject to terms and conditions. Perbadanan TAIB reserves the right to review and change the above features and benefits at its discretion from time to time.