Supporting the Muallafpreneurs

As part of its collaboration and support of the ongoing Souq Al-Qudwah 2.0 Expo, Bank Islam Brunei Darussalam (BIBD) yesterday introduced Muallafpreneurs to BIBD’s wide range of products and services that cater to entrepreneurs and small businesses and held talks to brief them on the importance of Islamic Financial Planning.

In a talk presented by BIBD’s Corporate Banking Group, the bank showcased its all-in-one SME 360 platform; a comprehensive banking solution that complements the needs of businesses, especially micro, small and medium enterprises (MSMEs), which includes a dedicated relationship management team, financial solutions and digital payments.

The dedicated relationship management team provides access to sound banking advice and financing solutions which include working capital, property, bridging, supply/procurement contract, trade finance, and guarantees.

Meanwhile the Islamic Financial Planning talks were delivered by representatives from the bank’s Retail Banking Group and BIBD Securities.

As Partner in Progress for Brunei, BIBD has always been committed to the development of local MSMEs and have complemented national efforts by boosting its SME-related initiatives and programmes by empowering them with robust and comprehensive digital business solutions.

A BIBD representative gives a talk to Muallafprenerus at the Spiq Al-Qudwah 2.0 Expo at the Airport Mall. PHOTO: BIBD

Products such as BIBD Biznet, the MSME Current Account and BIBD QuickPay have helped fill up gaps and improve the operations of MSMEs, in line with the bank’s objectives to serve the needs of all types of MSMEs.

BIBD believes that entrepreneurship is a form of empowerment which can transform the nation and support Brunei Vision 2035 of diversifying the economy and producing highly skilled human assets. By empowering all segments of society with entrepreneurial skills, entrepreneurship can bring about self-independence, access to opportunities and choices and the ability to transform one’s life and influence others to do.

Entrepreneurship is one of the key pillars of BIBD’s corporate social responsibility pillars and is one of the areas in which the bank regularly collaborates with key government agencies to affect positive change.

BIBD’s full support of the event also demonstrated its dedication and commitment to support the United Nations Sustainable Development Goals (UN SDG) – particularly goals one and eight that aim to eradicate poverty and encourage entrepreneurship for inclusive and sustainable economic growth as well as job creation.

During an opening ceremony of the expo on Thursday, BIBD also handed over a book entitled Basic Guidance Fardhu ‘Ain (Islamic Introduction Series) published specifically for the use of Muallafs who follow the Islamic Introduction Guidance under the Muallaf Development Division.

The book highlights the basic of Aqidah, Thaharah, Wudhu, Sembahyang, Wirid and the collections of Doa as an introductory guidance of Islam exclusively for the new converts.

BIBD’s Deputy Managing Director 1 Hajah Noraini binti Haji Sulaiman handed over the book to Minister of Religious Affairs Pehin Udana Khatib Dato Paduka Seri Setia Ustaz Haji Awang Badaruddin bin Pengarah Dato Paduka Haji Awang Othman.

The Souq Al-Qudwah 2.0 Expo serves to enhance the Islamic Syi’ar (teachings) based on Maqasid Syariah through entrepreneurship and seek the blessings of Allah the Almighty.