SiManja Savings Account
Syariah Concept
Al-Wadiah Yad Ad Dhamanah (Guaranteed Safe Custody)
Type of Account
- Individual
- Minor Account with Trustee
Eligibility
- Open to ages below 18 years old
- Open to Muslims and Non-Muslims
- The parent(s) or guardian(s) shall hold(s) the minor’s account(s) in trust until minor reaches 18 years old
- Upon reaching 18 years old, account will automatically be converted to Al-Wadiah Account in the sole name of the minor
- Open to Bruneian citizens and permanent residents
- Initial Deposit of $50
Methods of Deposit
- Cash Deposit
- Cheque Deposit
- Bank Standing Instruction
- Salary Deduction
- Multi-Function Machine (MFM)
Basic Documentation Requirement*
- Birth Certificate
- Identity Document of parent(s) or guardian(s)
Benefits
- Special Hibah at TAIB’s discretion at the end of the year
- Auto Zakat Deduction
- Syariah Compliant
- Capital Protected
- Short Message Service (SMS) Notification
- No restriction on the number of withdrawal