What is Golden Savers Fixed Deposit (GSFD)?
Golden Savers Fixed Deposit (GSFD) is a simple and straight forward investment product, based on Syariah Compliant Concept of Bai Bithaman ‘Ajil (BBA), that fully guarantees your invested capital. The dividend rate is determined upfront based on agreed price and is paid at maturity date. A GSFD certificate will be issued upfront to every investor.
What is Syariah Compliant Concept of Bai Bithaman ’Ajil (BBA)?
The selling of a Syariah-compliant asset at a marked-up price (Murabahah), which is paid through a deferred monthly instalment basis within a payment period agreed by both parties. The asset is then bought back from the buyer at the original cost price (without profit) in lump sum.

Bai Bithaman ‘Ajil means a “deferred payment sale”, under this principle, BIBD At-Tamwil Berhad first sells an asset to the customer, on cash payment basis at a price equal to the investment amount. BIBD At-Tamwil Berhad then purchases the asset from the customer on a deferred payment basis at an agreed price, equivalent to the investments amount plus the profit amount.
What are the investment period options available for GSFD?
GSFD allows you to choose the right investment period (between short-term, medium-term or long-term) based on your individual needs. Available investment period range from 12 months, 24 months, 36 months, 48 months, 60 months and 72 months.
What is the minimum amount I can invest in GSFD?
The minimum investment amount for GSFD is BND $20,000. There is no maximum limit. Investors are required to declare their source of funds.
What is the dividend rate offered for GSFD?
GSFD rates depend on investment period; longer investment period will be entitled to a higher dividend. Your dividend rate is locked and guaranteed at the opening of your investment. Please check for our prevailing rates here.
Can I open GSFD under joint names?
GSFD can be opened under joint names, however, the primary investor must be aged 40 or above. Joint investors must specify the signing conditions to transact the fixed deposit investment accounts.
What are the terms and conditions for opening GSFD?
GSFD is open to individuals aged 40 years old or above only. Investors must be citizens or residents of Negara Brunei Darussalam; must be a person in good standing; not a bankrupt or blacklisted; and origins of funds must be from Halal sources.
What documentations are required for opening GSFD?
Documents required for GSFD are Identity Card and declaration for the source of funds.
Is there any penalty if I withdraw my GSFD before its maturity date?
GSFD will guarantee your original invested sum however no dividend will be paid for pre-termination.
Is My GSFD protected?
All our customer’s deposits are protected by the Brunei Darussalam Deposits Protection Corporation (BDPC).
Product Disclosure Sheet
Please read this Product Disclosure Sheet before you decide to take Golden Savers Fixed Deposit Account.