85 / 252
83
BANKING & FINANCE
In 1991, Perbadanan Tabung Amanah Islam
Brunei (TAIB) was established and marked the
growth of Islamic financial industry in Brunei.
As the pioneer Islamic banking institution,
Perbadanan TAIB generates a sustainable impact
on the economy and community in compliance
with the Syariah laws.
Perbadanan TAIB offers retail and corporate
financing. There are five subtypes under retail:
Personal, Property, Education, Consolidation and
Home Improvement. After almost three decades
of operations, Perbadanan TAIB has more than
200,000 savings accounts opened with almost
half of Brunei’s population as their customers.
With a dedicated team and smooth operations,
Perbadanan TAIB delivers the top banking
experience. With eight branches and one self-
service centre across the country, Perbadanan
TAIB provides the widest network of dedicated
Islamic banking channels.
Financial technology (FinTech) is an emerging
industry that uses technology to improve
financial services. Perbadanan TAIB welcomes
the growth of digital banking services. In 2016,
Perbadanan TAIB introduced mobile banking
and Internet banking for secure and convenient
banking transactions. The following year,
Perbadanan TAIB opened its first Self Service
Centre in Rimba.
Perbadanan TAIB conducted various programmes
in 2018 including Financial Literacy Talk; and
has participated in Global Money Week and
National Savings Day; as well as Baitul Annam
for the underprivileged. Perbadanan TAIB also
collaborated with AMBD in AMBD’s Financial
Fun Fair, spreading financial awareness.
Small and medium enterprises (SME) are a
major player in Brunei’s economic growth.
Perbadanan TAIB supports local SMEs,
providing financial assistance and training
programmes to nurture local entrepreneurs. The
financial institute catalyses growth of SMEs in
terms of a company’s working capital, assets
acquisition, building construction, contract
and project financing. This is to encourage and
assist the SMEs to modernise and upgrade their
business capacity. Perbadanan TAIB plans to
establish a banking subsidiary as they develop
their infrastructure, products and services.
Islamic finance and rise of financial technology