Brunei Darussalam

BIBD hands over more than $2.2m in business zakat The Bruneian

Assistant Mufti (Buhuth) of State Mufti Office Dato Seri Setia Dr Hj Mazanan Hi Yusof, as the Chairman of Shariah Advisory Body of BIBD and its subsidiaries (L) hands over donation to Minister of Religious Affairs YB Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Hj Badaruddin Pengarah Dato Paduka Hj Othman, in his capacity as MUIB President. Image: Courtesy of BIBD

Bank Islam Brunei Darussalam (BIBD) yesterday performed its obligation as a business by handing over its Zakat on Business for the financial year 2019, along with Zakat for customer deposits to the Brunei Islamic Religious Council (MUIB).

BIBD’s Zakat on Business for 2019 and the balance for 2018 amounted to $2,222,727.76 whilst Zakat for customers deposits for the period of 2019-2020 came in at $848,297.84.

The Zakat were handed over by Assistant Mufti (Buhuth) of State Mufti Office Dato Seri Setia Dr Hj Mazanan Hi Yusof, as the Chairman of Shariah Advisory Body of BIBD and its subsidiaries to Minister of Religious Affairs Yang Berhormat Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Hj Badaruddin Pengarah Dato Paduka Hj Othman, in his capacity as MUIB President. 

Also in attendance were the Deputy Minister of Religious Affairs, along with BIBD Managing Director and Chief Executive Officer, Mubashar Khokhar as well as other MoRA and BIBD senior officials. The event took place at the Ministry of Religious Affairs building in Berakas. 

BIBD Managing Director and Chief Executive Officer Mubashar Khokhar (L) hands over the Zakat for customers deposits to Minister of Religious Affairs YB Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Hj Badaruddin Pengarah Dato Paduka Hj Othman, in his capacity as MUIB President

Being one of the five pillars of Islam, Zakat payment is a method of purifying and distributing wealth, supporting those in need as stipulated by Shariah. 

In order to also help its Muslim customer meet this obligation, BIBD has provided its customers the convenience to pay their Zakat for customers deposits as its branch counters in Brunei Darussalam. 

Customers can speak to any of BIBD’s Customer Service Representatives to manage their Zakat calculation for their accounts. – Wardi Wasil

The Bruneian | BANDAR SERI BEGAWAN

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