Education Financing
Syariah Concept
Tawarruq
Purpose
- To finance education fees and expenses of local and overseas studies
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Eligibility
- Aged 18 years old and above
- Not exceeding the retirement age at maturity of the financing
- Brunei citizen and permanent residents
- Employees of Brunei Government and selected Private sectors
Term
- Max 7 years (local study), 10 years (overseas)
Financing Amount
- Max $250,000
Basic Documentation Requirement
- A completed Education Financing Application form
- Valid Identification Card
- Original copy of applicant’s latest three (3) months’ salary slips
- Employment confirmation letter
- Bank statements for the last 3 months (for salary with other financial institutions)
- Latest clearance letter (for salary with other financial institutions)
- Acceptance letter from the Educational Institution or University
- Student (Academic qualification certificate, passport size photo, identification card/birth certificate/valid passport)
- Course & Institution accredited by Brunei Darussalam National Accreditation council
- Assign salary to TAIB
Fees
Refer to TAIB Schedule of Tariffs & Fees