Landmark collaboration between BIBD and Housing Development Department strengthen access to homeownership
News
22 Oct 2026
Yang Berhormat Dato Seri Setia Awang Haji Ahmaddin bin Haji Abdul Rahman, Coordinating Minister for Social Policies and Manpower, and Minister of Home Affairs, and BIBD Chairman; and Yang Berhormat Dato Seri Setia Awang Haji Muhammad Juanda bin Haji Abdul Rashid, Minister of Development, attend the event as guests of honour during the ribbon-cutting ceremony. PHOTO: JAMES KON
Bank Islam Brunei Darussalam (BIBD) and Housing Development Department (JKP), Ministry of Development, on Thursday marked a significant milestone in advancing homeownership aspirations in Brunei Darussalam, through a landmark strategic collaboration aimed at strengthening access to homeownership and creating more achievable pathways for Bruneian individuals and families to own a home.
The partnership was formalised through the signing of a Memorandum of Understanding (MoU), held in conjunction with the launch of the Rumah Impian Mampu Milik showcase, jointly organised by BIBD and JKP at BRIDEX Hall 2 Jerudong. The initiative reflects a shared commitment to supporting the nation’s long-term housing aspirations, strengthening family wellbeing and contributing to sustainable national development.
The event was attended by Yang Berhormat Dato Seri Setia Awang Haji Ahmaddin bin Haji Abdul Rahman, Coordinating Minister for Social Policies and Manpower, and Minister of Home Affairs, and BIBD Chairman, and Yang Berhormat Dato Seri Setia Awang Haji Muhammad Juanda bin Haji Abdul Rashid, Minister of Development, as guests of honour.
Their presence underscored the shared commitment of government and industry stakeholders towards strengthening access to homeownership and supporting the housing aspirations of Bruneian families.
Yang Berhormat Dato Seri Setia Awang Haji Ahmaddin bin Haji Abdul Rahman, Coordinating Minister for Social Policies and Manpower, and Minister of Home Affairs, and BIBD Chairman; and Yang Berhormat Dato Seri Setia Awang Haji Muhammad Juanda bin Haji Abdul Rashid, Minister of Development, attend the event as guests of honour. PHOTO: JAMES KON
Owning a home remains one of life’s most important aspirations for Bruneian families. Beyond providing shelter, a home offers stability, security and a foundation for future generations to thrive. Recognising its importance, BIBD and JKP have come together to explore practical ways of making homeownership more accessible and achievable.
As one of the first strategic collaborations of its kind between the Ministry of Development and BIBD, the initiative represents a significant step towards strengthening access to homeownership in Brunei Darussalam. By leveraging their collective strengths and expertise, both organisations aim to make homeownership more attainable while contributing to broader national efforts to support family wellbeing, stronger communities and sustainable national development.
The initiative reflects a shared commitment to ensuring individuals and families have access to the guidance, support and opportunities needed to make informed decisions on their journey towards homeownership. Through this collaboration, BIBD and JKP will explore ways to make this experience more accessible, practical and better supported for aspiring homeowners across the country.
Through the five-year partnership, BIBD and JKP will explore new and innovative initiatives aimed at making the path to homeownership more achievable, while responding to evolving housing needs, and supporting individuals and families at different stages of homeownership journey.
The Memorandum of Understanding was signed by Yang Mulia Junaidi Bahrum, Head of Retail Banking Group, BIBD, and Yang Mulia Alwi bin Haji Md Yussof, Acting Director of Housing Development Department, witnessed by Yang Mulia Haji Mohammad Yusri bin Haji Wahsalfelah, Acting Managing Director and Chief Executive Officer BIBD, and Yang Mulia Dr Chin Wei Keh, Permanent Secretary, Ministry of Development. The signing reflects a shared commitment between both organisations to strengthen support for homeownership aspirations and address the broader housing needs of Bruneians.
Yang Mulia Junaidi Bahrum, Head of Retail Banking Group, BIBD, and Yang Mulia Alwi bin Haji Md Yussof, Acting Director of Housing Development Department, with Yang Mulia Haji Mohammad Yusri bin Haji Wahsalfelah, Acting Managing Director and Chief Executive Officer BIBD, and Yang Mulia Dr Chin Wei Keh, Permanent Secretary, Ministry of Development, during the Memorandum of Understanding signing ceremony.