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Bank Islam Brunei Darussalam BHD

Bank Islam Brunei Darussalam Berhad’s (BIBD) vision is to enhance the quality of life of individuals through Islamic Finance. It has opted to expand its financial expertise into multiple arenas to assist the country in realising its financial potential and to play a pivotal role in assisting the economic development of the Sultanate.

The core values of BIBD are to ensure that its personnel maintain high ethical standards in carrying out their responsibilities and adopt Shariah standards in accordance with best industry practices in offering its products and services to its customers. These values compliment the BIBD’s mission which is to deliver customer-focused Islamic financial solutions to the community for the benefit of its stakeholders whilst supporting the nation’s growth.

As a market driven Islamic financial institution that constantly strives to address the needs of its customers in a highly competitive environment, BIBD also aims to maximize returns for its shareholders through customer retention and customer acquisition.

BIBD is a meritocratic organisation that demands professionalism and teamwork of its human resource of 500 personnel. In line with its mission, BIBD harnasses its knowledge and resources for the benefit of its customers.

BIBD has more than 14 branches located strategically in all the four districts; 11 branches located in the Brunei Muara District, 1 Branch in the Tutong District, 2 located in the Kuala Belait District and 1 located in the Temburong District. In furtherance of its obligation to provide the best services and facilities to its customers, BIBD has the single largest distribution of ATM networks in the country situated at all BIBD branches and offsite locations in all the districts.

BIBD also has two subsidiaries namely Takaful BIBD Shd Bhd which primarily provides insurance coverage and BIBD At-Tamwil Berhad, a finance company, which provides hire purchase financing for vehicles and consumer products.

For further information on BIBD please visit www.bibd.com.bn or call its Call Centre at 22238181.

Mission

“Enhancing Quality of Life through Financial Solutions”

Vision

“To deliver customer-focused Islamic financial solutions to our communities for the benefits of our stakeholders whilst supporting the nation’s growth”

Core Values

We will ensure all our team members maintain high standards in their responsibilities and follow the highest Shariah standard in the industry for our entire product and service proposition
We are a market-driven organization that constantly strives to address the needs of our customers in a highly competitive environment.
We aim to maximize return to our shareholders through customer retention and new customer acquisition.
We are a meritocratic organization that demands professionalism and teamwork, harness our knowledge and resources for the benefit of our customer.
We maintain high ethical standards in our business partnership for developing long-term community relationship.

Company’s Background Profile


On 7th July 2005, an announcement was made by the Ministry of Finance that His Majesty The Sultan of Brunei has consented for the proposed merger of Islamic Bank of Brunei Berhad (IBB) with Islamic Development Bank of Brunei Berhad (IDBB). A new company, Bank Islam Brunei Darussalam (BIBD) was incorporated on 10th September 2005.
A “Vesting Order” was obtained from the High Court of Brunei Darussalam on 1st May 2006
BIBD was fully operational on 3rd July 2006 as a full fledged Islamic Bank with than 600 employees.

For further infomation, please click here: http://www.bibd.com.bn/


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