IslamicFinance.de

Dubai-based Fajr Capital has completed its divestment from Bank Islam Brunei Darussalam (BIBD) to Brunei Investment Agency. Fajr Capital stated that this transaction marks another successful exit for the firm, following several recent high-profile divestments. The bank’s transformation journey resulted in enhanced customer experience through the introduction of internet banking and new digital platforms, international expansion and improved financial performance with the bank’s net income more than doubling.