Barakah 5 t&c APPROVED .pdf

BIBD BARAKAH 5 CAMPAIGN – 11 November 2013

BIBD BARAKAH 5 CAMPAIGN TERMS AND CONDITIONS
The following Terms and Conditions (“these Terms”) apply exclusively to “BIBD
Barakah 5” (“the Campaign”) held by Bank Islam Brunei Darussalam Berhad (“BIBD”).
1.

Campaign Period
The Campaign will commence from 1st December 2013 to 31st March 2014
inclusive (“Campaign Period”) or such other date(s) as may be determined at
the sole discretion of BIBD from time to time.

2.

Eligibility

2.1

The Campaign is open to all new and existing BIBD customers who open and
maintain personal accounts with BIBD for the following products, facilities and
accounts (collectively “BIBD Products”) during the Campaign Period:

Eligible Financing Products

Eligible Deposit Products (Wakalah
based concept)

1 Home Financing

1 General Current Account

2 Home Improvement Financing (for
structural renovations only)

2 General Savings Account
3 Tiered Current account

3 Education Financing
4 Tiered Savings Account
4 Naqad
5 Foreign Currency Current Account
6 Foreign Currency Savings Account
7 Assignment of salary (AOS)

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BIBD BARAKAH 5 CAMPAIGN – 11 November 2013
2.2

Each successful application and transaction approved by BIBD (in accordance
with the Campaign Mechanics) during the Campaign Period will qualify for
participation in the Campaign and be entitled for the Lucky Draw Chances
(“Draws”).

2.3

There shall be no limit to the number of Draws and customers may be entitled
to multiple Draws depending on the BIBD Products applied for during the
Campaign Period.

2.4

Employees of BIBD and their immediate families are NOT eligible to participate
in the Campaign.

3.

Campaign Mechanics

3.1

During the Campaign Period, the following criteria and conditions must be met
to stand a chance to win the any of the prizes listed herein below.
(a)

For BIBD Home Financing
Criteria

Lucky Draw
Entries

Conditions

Every B$10,000 of
financing amount

1

Upon application and approval

Every B$100,000 of
financing amount

15

Upon application and approval

(b)

For BIBD Home Improvement Financing (for structural renovations only)
Criteria

Lucky Draw
Entries

Conditions

Every B$10,000 of
financing amount

1

Upon application and approval

Every B$100,000 of
financing amount

15

Upon application and approval

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BIBD BARAKAH 5 CAMPAIGN – 11 November 2013
(c)

For Education Financing
Criteria

Lucky Draw
Entries

Conditions

Every B$10,000 of
financing amount

1

Upon application and approval during
Campaign

Every B$100,000 of
financing amount

15

Upon application and approval during
Campaign

Lucky Draw
Entries

Conditions

(d)

For Naqad Facility
Criteria

Every B$10,000 of
financing amount

1

Upon application, approval and first
utilization of facility during
Campaign and non-renewal

Every B$100,000 of
financing amount

15

Upon application, approval and first
utilization of facility during
Campaign and non-renewal

(e)

For General (Current & Savings), Tiered (Current & Savings) & Foreign
Currency (Current & Savings)
Lucky Draw
Entries

Conditions

Every B$5,000 of
deposit amount

1

Opening of new account (new CIF) or
additional with a deposit during
Campaign

Every B$50,000 of
deposit amount

15

Opening of new account (new CIF) or
additional with a deposit during
Campaign

Criteria

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BIBD BARAKAH 5 CAMPAIGN – 11 November 2013
(f)

Assignment of salary (AOS) + Deposits and/or Financing *
Criteria

Lucky Draw Entries

Every AOS

5

Every AOS +
Deposit

10

Every $5,000
additional or
new deposit
amount

AOS and deposit during the Campaign
15

Every AOS +
Financing

10

Every
$100,000
additional or
new
fianancing
amount

For AOS during campaign

1

Every $50,000
additional or
new deposit
amount

Every $10,000
financing
amount

Conditions

1
AOS and financing application during
the Campaign
15

*Minimum deposit and financing conditions apply.

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BIBD BARAKAH 5 CAMPAIGN – 11 November 2013
4.

Draw and Prizes

4.1

The prizes to be given away under the Campaign are:

Prize No.

Quantity

Description of prizes

1

1

Jaguar XF, Petrol Ti

2

1 of each item

Apple Gadgets - iPhone 5s, 13”Macbook air, iPad Air
and iPod Touch

3

1 of each item

Samsung Gadgets – Samsung Galaxy Note 3, Galaxy
Gear, Samsung Camera

4

1

46” Samsung LED TV + Home Theatre System

5

1

100,000 Royal Skies Miles

Consolation 1

5

Apple iPad Air

Consolation 2

10

Apple iPad Mini 2

Monthly

20

100,000 Hadiah Points

4.2

Five (5) finalists will be picked every month. At the end of the Campaign
Period, a prize selection event will be held on 28th March 2014 or such other
date as BIBD may determine at its sole discretion.

Mechanism



Under this Promotion, the draw dates will be as follows:

Monthly Promotion Period
Month

Date - From

Date - To

1
2
3
4

1 December 2013
1 January 2014
1 February 2014
1 March 2014

31 December 2013
31 January 2014
28 February 2014
31 March 2014

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BIBD BARAKAH 5 CAMPAIGN – 11 November 2013

4.3

A random selection of the eligible entries will be made by a computerised
system from the pool of eligible entries within the campaign period and as
explained in the section titled “Mechanism” above.

4.4

Winners will be picked at random and BIBD reserves the right to select/draw
reserve winners to replace/substitute any winner who is or may have been
found to be ineligible or disqualified without providing any reason whatsoever.

4.5

The photos of the prizes are for visual purposes only and are not absolute. BIBD
shall have the exclusive right to change the prizes from time to time.

4.6

Prizes may not be exchanged or transferable for cash or prizes-in-kind.

4.7

Notwithstanding anything herein, BIBD reserves the right to substitute or
replace any of the prizes with alternative prizes without having to assign any
reason thereto.

4.8

If BIBD subsequently determines that a person is ineligible or has been
disqualified for a prize for any reason whatsoever, BIBD may at its discretion
reclaim the prize and award it to such person(s) or deal with it in any manner
as it deems fit.

4.9

The prizes hereto are provided on an “As Is” basis and BIBD makes no
representation or warranty whatsoever for any inherent defect(s) with respect
to the prizes.

4.10

Any disputes with regards to the quality of the prizes should be resolved
directly with the supplier and use of the prizes shall also be subject to the
terms and conditions of the supplier.

4.11

No person shall be entitled to any payment or compensation from BIBD should
any prize be forfeited or reclaimed.

5.

Winner

5.1

All winners will be notified by telephone and/or via SMS or any other mode of
communication as BIBD may deem appropriate.

5.2

The winners hereby authorize and consent to the public disclosure of their
names, pictures or any other details in any form of media as determined by
BIBD for advertising, publicity or commercial purposes.

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BIBD BARAKAH 5 CAMPAIGN – 11 November 2013

6.

General

6.1

By participating in the Campaign, the customer expressly agrees to be bound by
these Terms.

6.2

BIBD reserves the right to extend, cancel, terminate or suspend the Campaign
at any time without assigning any reasons whatsoever without any prior notice.

6.3

For the avoidance of doubt, any extension, cancellation, termination or
suspension of the campaign shall not entitle the eligible customer to any claim
or compensation against BIBD for any and/or all losses or damage suffered or
incurred by customer as a direct or indirect result of the act of extension,
cancellation, termination or suspension.

6.4

BIBD reserves the right to modify, amend, vary, or add to any of these Terms
from time to time without any prior notice.

6.5

In the event of any inconsistency between these Terms and any brochure,
marketing or promotional materials relating to the Campaign, these Terms shall
prevail.

6.6

BIBD shall not be liable for any loss, damage, or expenses arising out of or in
connection with the Campaign or due to any act of God, war, riot, strike,
lockout, industrial action, fire, storm, act of terrorism, technical or system
failures or any event beyond the reasonable control of BIBD.

6.7

BIBD’s decision on any or all matters relating to the Campaign shall be final and
absolute.

6.8

These Terms shall be governed by and construed in accordance with the laws of
Brunei Darussalam and the Courts of Brunei Darussalam shall have exclusive
jurisdiction to hear any dispute or claim arising hereunder.

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