Islamic finance has had a growing presence in Brunei Darussalam since the early 1990s, with active support from Sultan Hassanal Bolkiah. Today the Islamic banking and takaful (Islamic insurance) segments are transitioning into the dominant forms of banking and insurance in the country, and the Sultanate’s large foreign investments are increasingly...
Asia Financial Services
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Articles & Analysis | Government backing is reinforcing the industry’s strong momentum from The Report: Brunei Darussalam 2014
Interviews & Viewpoints | OBG talks to Dato Haji Mohd Rosli, Former Managing Director, Autoriti Monetari Brunei Darussalam (AMBD) from The Report: Brunei Darussalam 2014
What steps can the AMBD take to encourage further development of the country’s capital markets?
Articles & Analysis | The sector is liquid and well capitalised from The Report: Brunei Darussalam 2014
Banking sector growth has accelerated as authorities have eased up somewhat on restrictive regulations, and banks are looking forward to an improved climate as overall economic growth revives. Rapid growth in lending to domestic business, albeit from a low base, gives some cause for hope that the sector is beginning to work through the limitations of an economy dominated...
Articles & Analysis | Banks are increasing their lending to a number of sectors from The Report: Brunei Darussalam 2014
The recent acceleration of bank lending to domestic businesses, albeit from a low base, shows the increasing seriousness of the government’s drive to speed growth outside of the dominant oil and gas sector. Driven by government-linked banks, the upturn has helped buoy domestic demand despite the decline in energy exports. The banks most responsible for driving the growth...
Interviews & Viewpoints | OBG talks to Pierre Imhof, CEO, Baiduri Bank from The Report: Brunei Darussalam 2014
Given the restrictions on personal lending and the banking sector’s high level of liquidity, what areas would contribute to the growth of Bruneian banks?
Chapter | Islamic Financial Services from The Report: Brunei Darussalam 2014
Islamic banking and insurance, or takaful, are becoming the dominant forms of banking and insurance, and inbound foreign investments are increasingly channelled into Islamic markets. The Sultanate’s largest bank is an Islamic lender, dominating the domestic market as well as developing into an international player in Islamic finance. The rise of takaful has been aided by strong support from...