Islamic Financial Services
From The Report: Brunei Darussalam 2013
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Islamic services have long been a part of the financial mix within Brunei Darussalam. For the past two decades, Islamic banking, takaful (sharia-compliant insurance) and Islamic capital market products have been taking root and growing. These services now compete strongly against their conventional counterparts and continue to capture market share. With the government promoting sharia-compliant products and hoping to position the country as a regional centre for Islamic financial services, it seems that conventional banking and insurance products might find themselves in the minority within the Sultanate in the not too distant future.

This chapter contains an interview with Javed Ahmad, Managing Director, Bank Islam Brunei Darussalam.

Articles from this Chapter

Overview

Partnering up: The government is paving the way for sector growth
OBG
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Islamic services have long been part of the financial mix within Brunei Darussalam. For the past two decades, Islamic banking, takaful (Islamic insurance) and Islamic capital market products have been taking root and growing. These services now compete strongly against their conventional counterparts and continue to grow market share. With the government promoting shariacompliant products and hoping to position the country as a regional centre for Islamic financial services, it seems that conventional…

Analysis

Set with sukuk: Using the debt instrument to bolster institutional investment
OBG
plus

The sukuk, a form of Islamic bond, has become one of the most popular and recognisable Islamic financial instruments globally. In Brunei Darussalam, sukuk issuance has been growing steadily, but it remains in its infancy and investors have few options in the fixedincome market. In the medium term, sukuk is likely to be a key component in creating a capital market in the country and a popular place for investors adhering to sharia principles to deposit their money. SUKUK STORY: As Islamic financial…