Al-Wadiah Savings Account

Syariah Concept

Al-Wadiah Yad Ad Dhamanah (Guaranteed Safe Custody)

Type of Account
  • Individual
    • Individual Account
    • Joint Account
  • Non-Individual (Business Account)
Eligibility
  • Age 18 and above
  • Open to Bruneian citizens, permanent residents
  • Initial Deposit of $50 (Individual)
  • Initial Deposit of $1000 (Non-Individual)
Methods of Deposit
  • Cash Deposit
  • Cheque Deposit
  • Bank Standing Instruction
  • Assignment of Salary and Allowance.
  • Salary Deduction
  • Automated Teller Machine (ATM) and Multi-Function Machine (MFM)
Basic Documentation Requirement*
  • Individual
    • Birth Certificate
    • Identity Card
  • Non-individual*
    • Limited Company
      • Form X
      • Memorandum and Articles of Association
      • Certificate of incorporation
      • Mandate of Account – Limited Company
      • Board of Resolution to be signed by all directors
      • Latest Annual Return
      • Return on Allotment of Shares
      • Valid identification for shareholders holding > 25% shares
      • All director’s valid identification per form X
      • Authorized signatory / signatories valid identification (identity card or passport)
      • Photography of IC / Passport of all Corporate Admin (Corporate Internet Banking)

    • Sole Proprietor / Partnership
      • Mandate of Account – Sole proprietorship/Partner
      • Original Certificate of Company Registration 16 & 17
      • Sole Proprietor’s/ all partners valid identification as per section 16 & 17 and as per bank’s “individual’s” ID requirements
      • Authorized signatory /signatories valid identification (identity card or passport)
      • Photocopy of IC / Passport of all Corporate Admin (Corporate Internet Banking)

    • Association / Non-profitable organization
      • Constitution of association
      • Certificate of registration
      • List of governing body or equivalent
      • Mandate of Account – Sole proprietorship/Partner
      • Resolution of the governing council or equivalent approving the opening of the Al-Wadiah account(s) and/or to apply for the services
      • List of authorized person(s)
      • Copy valid identification for authorized signatories
Benefits
  • TAIB ATM Card*
    • Cash withdrawal not exceeding B$4,000.00
    • Bill payment services
    • Balance enquiry
    • Request of Accounts statement
    • Internal fund transfer
    • 24/7 ATM and MFM Facilities
  • Hibah (Dividend) at TAIB’s discretion at the end of the year
  • Short Message Service (SMS) Notification
  • Auto Zakat Deduction
Frequently Asked Questions
View FAQs

Product Disclosure Sheets
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