Sharia-compliant insurance, or takaful, is set to grow in Turkey, with its predominantly Muslim population showing increasing interest in Islamic finance products and the government keen to support their growth.
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Interviews & Viewpoints | OBG talks to Javed Ahmad, Managing Director, Bank Islam Brunei Darussalam (BIBD) from The Report: Brunei Darussalam 2014
In what ways have local banks responded to tighter credit conditions, and to what extent has there been a shift in focus in terms of lending?
Articles & Analysis | Government backing is reinforcing the industry’s strong momentum from The Report: Brunei Darussalam 2014
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...
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...