BIBD Account Type

BIBD offers a Wakalah Trading Account, which is designed for individuals looking to invest in Shariah-compliant securities. This account has no initial deposit or minimum amount required, making it accessible for new investors. The Wakalah Trading Account is solely for the settlement of trades with BIBD Securities and managing proceeds from sales or income generated from investments. Eligibility for opening this account includes:

• Brunei citizens or permanent residents.
• Foreign citizens with a valid work or student permit.
• Minimum age of 18 years old.
• Must be an account holder of BIBD.

Required documents to open a Wakalah Trading Account:

• Original identity card or passport.
• Original birth certificate (for dependent accounts).

BIBD Broker Account Opening Process

To open a BIBD Wakalah Trading Account, follow these steps:

• Open a Trading Account:
• Visit any BIBD branch to open a Wakalah Trading Account.
• No initial deposit or minimum amount is required.
• Visit BIBD Securities:
• After opening your account, visit BIBD Securities to proceed with your investment.
• Start Investing:
• Once your account is set up, you can begin investing in BIBD shares and other Shariah-compliant securities listed on the Malaysia and Singapore stock markets.

For more information, refer to the BIBD's schedule of tariffs here.