Banker's Guarantee

It is an irrevocable obligation in the form of written undertaking of TAIB to pay an agreed sum, in case of default by third party in fulfilling their obligations under the terms of the Letter of Guarantee.

There are various types of guarantees issued to meet client’s requirements and needs. We offer as follows:

  • Banker’s Guarantee
  • Labour Guarantee
  • Letter of Guarantee i.e. Payment Guarantee
  • Project Financing: This facility is under Al-Kafalah concept and it is used as a security deposits required by the Brunei Government or private firm as part of the requirements under the awarded project/ tendering project.
DOCUMENTS REQUIRED
  • Letter of Application from the company
  • Business Plan
  • Sole Proprietor/Partnership
    • Business Names Act Section 16 and Section 17: Certificate of Registration
  • Limited Company
    • The Company Act: Particulars of Directors or Managers and of any changes therein (Form X)
    • Certificate of Incorporation of Private Company
    • The Companies Act Cap 39: Memorandum And Articles of Association
    • Joint Venture & Shareholders’ Agreement
    • Copy of Share Allotment form
    • Director’s’ Resolution in writing pursuant to the Articles of Association of the company (if any)
    • Holdings - Certificate of Registration Section 5
    • Photocopy of Identity Card/passport of Proprietor, Partners and Directors
    • Audited Financials and Management Accounts
    • Statement of Accounts from other bank(s)
    • Debtors and Creditors Aging List
    • Copy of approvals from relevant authority for business activity, construction and location of proposed project
    • Copy of contract/Letter of Award (if applicable)

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START YOUR BUSINESS WITH US

With our expertise, we will bring your business forward, together.
Discover more by visiting at:

Business Banking Department
Perbadanan Tabung Amanah Islam Brunei

TAIB Financing Center
Unit 22-24 & 59,1st Floor, The Airport Mall
Kampong Jaya Setia, Mukim Berakas ‘A’
Bandar Seri Begawan BE2713
Negara Brunei Darussalam

Call us: 226 6191