About Current Account

AI Wadiah Concept:

"Deposit of one's property with another person for safe keeping with permission to use it without the intention of receiveing any return from it." (An introduction to Islamic Finance: Theory and Practice, Zamir Iqbal & Abbas Mirakhor)

Current Account AI-Wadiah

Terms and Conditions

  • Open to Individual and companies. Individual must be 18 years and above. Companies must be registered in Brunei.
  • Not open for foreigners.
  • Minimum deposit of B$1,000.00.
  • Account holders are provided with cheque book. Individuals are allowed to apply for ATM.
  • Bank's discretion to pay profit. Profit disposition - monthly.
  • Profit paid to account with daily average balance of B$3,000.00 and above.
  • Monthly statement mailed to customer.
  • Stop payment service provided.

Requied Documentations

  • Copy of IC.
  • Copy company registration.
  • Memorandum of Articles (Incorporated Companies).
  • Form X (Incorporated Companies)
  • Unincorporated companies - letter from relevant authorities.