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Over the past year, as Brunei Darussalam
continued to manage the unprecedented
outbreak of the COVID-19 pandemic, both
government agencies and the private sector
rallied together to provide support for the nation.
Realising that a whole-of-nation approach is
key to the success of national and community
building agenda, Bank Islam Brunei Darussalam
(BIBD), throughout the challenging period,
demonstrated its commitment as a Partner in
Progress in helping the nation curb the risks of
further outbreak of the virus as well as cushion
its impact on the Sultanate.
“There is no denying that COVID-19 has
presented a unique challenge, but as far as
the financial management is concerned, we
sought to ensure that the essential needs of
our customers are well-served, assets well-
protected, and interests well-aligned,” BIBD
Managing Director and CEO, Mubashar Khokhar
said.
BIBD remained vigilant throughout the outbreak
period and strictly implemented various
precautionary measures in line with the
recommendations and directives set by the World
Health Organization (WHO), the Prime Minister’s
Office (PMO) and the Ministry of Health (MoH)
to assure the safety of its customers, employees
and the public.
Through the “Go Digital Go Cashless” campaign,
BIBD encouraged the use of its BIBD NEXGEN
Wallet, which enables banking transactions to be
carried out digitally via mobile phones and online,
to minimise the need for physical interaction
and over-the-counter transactions during the
outbreak.
For example, the BIBD Aspirasi savings
programme has enabled customers to continue
saving through the BIBD NEXGEN Wallet,
minimising the need to physically interact and
transact during the height of the pandemic. The
programme, which is now in its third edition, is
a unique investment programme that allows
customers to earn attractive dividends from their
savings and have a chance to be winners in the
monthly, quarterly and grand prize draw.
Just like the campaign’s previous two editions,
the BIBD Aspirasi 3 was introduced to support
national and AMBD’s objectives to promote a
savings culture and prudent money management
among the people of Brunei.
Additionally, BIBD played a major role in
supporting a collective economic relief package
of BND250 million for 12 months which was
announced by the Ministry of Finance and
Economy (MoFE). This included fee waivers for
inter-bank fund transfers, principal payment
deferment, restructuring of facilities and credit
card conversion to personal financing or Easy
Payment Plan (EPP).
BIBD also launched various initiatives and
corporate
social
responsibilities
(CSR)
BANK ISLAM BRUNEI DARUSSALAM