Classic Mastercard

What makes this card Islamic

Bank Islam Brunei Darussalam builds this card on a Wakalah contract. The bank acts as your agent, paying the shops on your behalf, and charges you an agency fee.

BIBD's credit cards run on AGENCY, not on the sale or guarantee contracts used elsewhere. Its own T&C define Al-Wakalah bil Ujrah as 'the Bank acting on behalf of the Cardholder to administer the Cardholder's payment to the Merchant via the Card Scheme Provider ... for the use of the Card Scheme's trademark and managing the Card Account with an imposed fee'. The recurring charge is an Administration Fee for the Wakalah service, fixed at a rate applied to the CARD LIMIT (1.5% per month), and the bank may grant a discretionary Ibra' (rebate) against it based on payment pattern and limit utilisation. Ibra' is offered only on retail and online transactions and expressly EXCLUDES cash advances and any unpaid Administration Fee.

Approved by BIBD Shariah Advisory Body, under the supervision of Brunei Darussalam Central Bank (BDCB), named as 'the Authority' in BIBD's own card terms.

What it costs

Every figure below comes from Bank Islam Brunei Darussalam’s own published documents. Where the bank does not publish a number we say so rather than estimate it.

Annual fee

B$ 35Primary Card Annual Fee.source

Supplementary card

B$ 15Supplementary Card Annual Fee.source

Profit rate

1.5% a month on the outstanding balanceBIBD's Schedule of Tariffs lists, under Payment, 'Adminstration Fee — 1.5% per month on card limit'. The T&C add two things worth reading together: the definitions section says the Administration Fee is 'the monthly amount calculated at a rate as prescribed by the Bank commencing from the Due Date until any outstanding amount from the transaction has been paid off', while clause 10.2 says it 'shall be fixed and calculated at the rate applied to the Card Limit'. So the charge is sized off the LIMIT, not the balance — the same design as Indonesia's monthly membership fee — but is described as running from the due date on unpaid amounts. BIBD does NOT publish an annualised figure.source

Cash withdrawal

BND35 per withdrawal, flat. Maximum cash withdrawal BND2,000 per day via ATM (local or international) and BND2,000 per day at the bank's counters. Ibra' is never given on cash advances.

Late payment

Not published

Foreign currency spend

2% on top of the exchange rate

Replacement card

B$ 20

Takaful cover

The T&C state the Cardholder 'will be provided with Takaful coverage by a Takaful Provider authorised by the Bank'; the rate is not published in the Schedule of Tariffs.

What you get back

Other benefits

• Payment due date is 25 days from the statement date
• Card delivery within Brunei is free
• Easy Payment Plan (EPP) available: BND40 processing for 6 and 12 months, BND70 for 18 and 24 months, on purchases of BND300-3,000 (6/12 months) or BND1,200-6,000 (18/24 months)

Before you apply

• The Administration Fee is 1.5% a month calculated on the CARD LIMIT, and the Ibra' that offsets it is explicitly discretionary — the T&C give the bank sole discretion over whether and how much rebate to grant.
• No Ibra' at all is given on cash advances, so a BND35 flat fee plus the administration charge applies.
• The published Schedule of Tariffs contains NO late-payment charge line for credit cards. That absence was not separately confirmed with the bank — do not read it as proof no late charge exists.
• Muslim cardholders are told in the T&C they are 'not encouraged to purchase gold or silver using the Card to avoid from transacting with usury or riba'.

Can you get it?

Other conditions

Supplementary cards may be issued to a person over 18. BIBD does not publish a minimum income for the standard credit-card range on the pages read; the BND10,000 gross monthly income figure found on BIBD's site is the PERDANA Privilege Banking threshold, not a credit-card threshold — do not confuse the two.

Where these figures come from

Last checked against Bank Islam Brunei Darussalam’s published documents on 2026-08-17. Banks change fees without notice, so treat the bank’s own document as the final word, not this page.

• “CREDIT CARDS — Card Type: Classic Mastercard | Gold Mastercard | World Mastercard | Visa Gold | Visa Platinum. Primary Card Annual Fee: 35 | 120 | Waived | 120¹ | 250². Supplementary Card Annual Fee: 15 | 60 | Waived³ | 60 | 125. — BIBD Schedule of Tariffs, Cards, p.42”
• “Cash Advance — BND35 per withdrawal; Card Replacement — BND20; PIN Replacement — BND15; Dispute Handling — BND5 per transaction; Foreign Currency / Mark-Up Fee — 2% of transaction amount. — BIBD Schedule of Tariffs, Credit Cards”
• “Payment — Adminstration Fee — 1.5% per month on card limit. — BIBD Schedule of Tariffs, Credit Cards”
• “Maximum Cash Withdrawal • Via ATM Cash (Local / International) BND2,000 per day • Via Bank's Counter BND2,000 per day. — BIBD Schedule of Tariffs, Credit Cards”
• “"Al-Wakalah Bil Ujrah" means the Bank acting on behalf of the Cardholder to administer the Cardholder's payment to the Merchant via the Card Scheme Provider ("Card Scheme") for the use of the Card Scheme's trademark and managing the Card Account with an imposed fee — BIBD Credit Card T&C, clause 1.1”
• “The Cardholder acknowledges that the Bank is entitled to impose a monthly Administration Fee for the Wakalah Services it offers to the Cardholder. — BIBD Credit Card T&C, clause 10.1”
• “The Administration Fee shall be fixed and calculated at the rate applied to the Card Limit and prescribed by the Bank. — BIBD Credit Card T&C, clause 10.2”
• “The Bank may at any time or from time to time, grant the Cardholder a discretionary Ibra' on the Administration Fee charged based on the criteria set by the Bank including but not limited to the payment pattern and the utilization of the Card Limit. For avoidance of doubt, Ibra' shall only be offered to retail transactions including online transactions and will exclude Cash Advance Withdrawals and/or any unpaid Administration Fee. — BIBD Credit Card T&C, clause 10.3”
• “"Merchant" means any retailer or establishment with the exception of Shariah non-compliant business, which accepts BIBD Cards as a medium of payment — BIBD Credit Card T&C, clause 1.1”
• “The Muslim Cardholder are not encouraged to purchase gold or silver using the Card to avoid from transacting with usury or "riba". — BIBD Credit Card T&C, clause 3.4”
• “"Due Date" refers to the date on which payment is to be made in respect of the outstanding payment or Minimum Payment which must be made by the Cardholder within 25 days from the date of the Statement — BIBD Credit Card T&C, clause 1.1”

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