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National Savings Day


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28 MAY marks a special day in Brunei Darussalam as National Savings Day is celebrated.


National Savings Day has been celebrated annually since its inaugural celebration in 2015, as declared by His Royal Highness Prince Haji Al-Muhtadee Billah ibni Kebawah Duli Yang Maha Mulia Paduka Seri Baginda Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah, Senior Minister at the Prime Minister Office, as the Chairman of Autoriti Monetari Brunei Darussalam (AMBD), during the Official Opening Ceremony for AMBD Day 2015.

Among the objectives of National Savings Day is to promote a savings culture and prudent money management in Brunei Darussalam. A savings culture is one that speaks to our Bruneian culture, and can be reflected in the Malay proverb, "Sediakan payung sebelum hujan" – which teaches us to always be prepared for any emergencies or unexpected incidents. As such, inculcating a savings culture in every individual is important, especially at a young age.

To commemorate National Savings Day 2018, we share the meaning behind the National Savings Day logo and the importance of saving.


The National Savings Day Logo

1.  Colours

Three colours are used in the logo to reflect the importance of financial management and to reflect the strength and stability of the financial sector.

  • Green is often associated with money and wealth. This colour is used to signify a bright future stemming as a result of saving.
  • Dark blue is a symbol of wisdom and intelligence. In this context, it represents smart and prudent spending, keeping in mind the concept of 'needs vs. wants'.
  • Grey reflects the stability and soundness of the financial industry in Brunei Darussalam as a means to facilitate financial activities and reaching financial goals. 

2.  Coins

The stack of coins reflects the financial industry in the country. The quantity signifies the ten denominations of Brunei Dollars issued by Autoriti Monetari Brunei Darussalam (AMBD), that is, BND 1, BND 5, BND 10, BND 20, BND 25, BND 50, BND 100, BND 500, BND 1,000 and BND 10,000.

3. Simpur Leaves

The Simpur leaves were chosen to signify the national flower of Brunei Darussalam and also to represent Brunei Darussalam's culture. The number of leaves also carries its own significance, whereby it represents four purposes of money and the importance of saving as follows: 

  1. To protect yourself and your loved ones;
  2. To grow for future purposes and goals; 
  3. To fulfill necessities; and
  4. To give by helping others through zakat and alms. 

The Importance of Money and Saving

(a) To protect yourself and your loved ones 

Make sure you have a separate savings account specifically for emergency usage only. You may save a small amount at a time, however, it is important that you are determined in being consistent in your saving. Make sure you save at least ten percent of your monthly salary for this purpose. In order to ensure disciplined savings, you may instruct your bank to channel a portion of your salary automatically into the dedicated savings account.

(b) To grow for future purposes and goals

As the Malay proverb "Sedikit-sedikit, lama-lama jadi bukit" goes, your savings may grow and multiply if you practice saving in a consistent and disciplined manner. Know the different types of savings products offered in the market, and choose ones according to your needs. There are also insurance/takaful and investments products and services which are savings-oriented that you may wish to explore. 

(c) To fulfill necessities 

Saving and planning your finances will allow you to reach your goals, both today and in the future. By preparing a financial plan that also takes into account future expenses, you will become more aware of how much you need to save in order to reach your goals. If there are any items that you wish you purchase that are beyond your capability, try to avoid being dependent on debt. Instead, plan your finances wisely to meet those needs. Another way to plan your finances wisely is to embrace the habit of preparing a shopping list in order to avoid spending on unnecessary items.

(d) To give by helping others through zakat and alms.

The practice of giving Zakat and giving to charity (alms) is a righteous act which can be considered as an investment for the Hereafter. Savings which fulfill the conditions for Zakat should be given to those deserved. Among the purposes of zakat are to help Muslims who are poor; to produce a sense of compassion among Muslims; for the stability and prosperity of the nation; as a sign of gratitude towards Allah Subhanahu Wata'ala ; to purify the heart; and to purify your wealth. 

The practice of alms and giving to charity is also strongly encouraged. Giving to charity is a way to forgiveness from Allah Subhanahu Wata'ala; and brings about greater provisions (rezeki).

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