TAIB Deposit Certificate (TDC) is a Syariah Compliant term deposit with tenure of 1, 2, and 3 years. It is based on the Syariah concept of Mudharabah Muthlaqah (unrestricted profit sharing) and denominated in Brunei currency. Profits will be shared based on the agreed pre-determined profit sharing ratio.
Syariah Concept
Mudharabah Muthalaqah (Unrestricted profit sharing)
Type of Account
Term Deposit
Term
Eligibility
- No age restriction
- Open to both Muslims and Non-Muslims
- Open to Bruneian citizens, permanent residents and expatriate*
- Minimum Deposit of BND100 per certificate
- Must have Al-Wadiah Savings Account
Required Documents*
Identity Document
Benefits
- Profit Sharing Ratio of 70 (Customer): 30 (TAIB)
- Syariah Compliant.
- Profits (if any) distribution semi-annual (Interim Profits)
- Low minimum deposit.
- Unlimited number of certificates per holder
- Fast and Competitive return.
- Principal protected.
*Terms and Conditions
Subject to terms and conditions. TAIB reserves the right to review and change the above features and benefits at its discretion from time to time. |
