IslamicFinance.de

Brunei is strongly encouraging the growth of the Islamic finance industry. According to the Thomson Reuters Islamic Finance Development Indicator, Brunei was recently ranked 10th out of 92 countries. Yusof bin Haji Abdul Rahman, Managing Director of Autoriti Monetari Brunei Darussalam (AMBD), noted that the Brunei Government Sukuk Al-Ijarah Programme has been consistently issued since 2006 as a benchmark. He said public–private sector dialogue has been increased to raise awareness of the benefits of takaful products. He said he believes that Islamic finance can be a solution to support economic growth and promote long-lasting financial stability.

The Ministry of Finance, Brunei Darussalam announced the successful pricing of its 24th, 25th, 26th and 27th issuance of short-term Sukuk Al-Ijarah securities. The accumulated total of these four Sukuk issuance was B$ 165 million; B$ 31 million for Series 24, B$ 60 million for Series 25, B$ 11 million for Series 26 and B$ 63 million for Series 27.