'BIBD' Stories - The Scoop

Brunei’s largest bank names first female CEO BIBD names Hjh Noraini Hj Sulaiman as new head

November 22, 2021

BANDAR SERI BEGAWAN – Brunei’s largest financial institution, Bank Islam Brunei Darussalam (BIBD), announced on Monday that Hjh Noraini Hj Sulaiman will replace…

BIBD Asset Management pledges commitment to responsible investing The Islamic bank signs on the UN's responsible investing pledge

October 16, 2021

BANDAR SERI BEGAWAN – BIBD Asset Management (BIBD AM), operating under the license of BIBD Securities Sdn Bhd, is bolstering its commitment to…

BIBD posts 14% drop in net profit for 2020 The Islamic bank is still the most profitable in Brunei despite lower revenue amid pandemic

July 23, 2021

BANDAR SERI BEGAWAN – Bank Islam Brunei Darussalam (BIBD) recorded a net profit of $136 million amid the COVID-19 pandemic in 2020, declining…

BIBD to launch merchant portal by Q3 2021 MSMEs will be able to track online payments and manage their business operations via the portal

April 16, 2021

BANDAR SERI BEGAWAN — Bank Islam Brunei Darussalam (BIBD) will soon launch its merchant portal that allows micro, small and medium enterprises (MSMEs)…

Muslims can start paying zakat online this Ramadhan Religious authorities team up with DST and BIBD to launch digital zakat payment

April 5, 2021

BANDAR SERI BEGAWAN — Muslims in Brunei will be able to pay their zakat fitrah online this Ramadhan with the launch of the…

BIBD revamps Temburong branch in anticipation of more economic activity With several infrastructure projects in the pipeline, gov't vows to protect the district's lush greenery

December 10, 2020

BANDAR SERI BEGAWAN — Bank Islam Brunei Darussalam (BIBD) opened its refurbished Temburong branch at Bumiputera Complex on Wednesday, in anticipation of increased…

BIBD assets reach record high of $10.7 billion The Islamic bank posts a five percent rise in net profit to $155.4 million

June 5, 2020

BANDAR SERI BEGAWAN — Brunei’s largest Islamic financial institution, Bank Islam Brunei Darussalam (BIBD), has posted a record high in total assets of…

BIA acquires Fajr Capital’s 29% stake in BIBD The acquisition makes the bank wholly Bruneian-owned, with the gov't as majority shareholder

January 16, 2020

BANDAR SERI BEGAWAN – The Brunei Investment Agency (BIA) has acquired Fajr Capital’s 29 percent stake in Bank Islam Brunei Darussalam (BIBD), the…

Seria petrol station first to roll out cashless payments All filling stations in Brunei are expected to go cashless in the future

December 16, 2019

BELAIT – Motorists can now make cashless payments at Roxana Filling Station in Seria after it became the first petrol station in Brunei…

BIBD posts 27% profit in 2018, assets surpass $10 billion The Islamic bank continues to dominate domestic banking industry

September 14, 2019

BANDAR SERI BEGAWAN – Brunei’s largest financial institution, Bank Islam Brunei Darussalam (BIBD), posted a net profit of $147 million in 2018, a…

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