Islamic financial sector

Overview

Islamic finance has become one of the key sectors in Brunei Darussalam's financial services industry. Prominent for its strong Islamic philosophy, Brunei Darussalam envisions itself to become an international Islamic financial hub. In light of this, BDCB continues to support the development of a sound and progressive financial sector, and in doing so, has identified Islamic finance as a key focus in its Financial Sector Blueprint 2016-2025. 

Brunei Darussalam embarked on its Islamic finance journey with the establishment of the first Islamic financial institution in 1991. Three decades later, the Brunei Darussalam Islamic financial sector has multiplied in terms of the number and types of financial institutions such as an Islamic Bank, an Islamic Trust Fund, Finance Company, Securities companies, Takaful operators, and pawnbroking services.  

Proportion of Islamic finance in the nation’s market share
Total of 11 financial institutions
Islamic pattern

1

Banks
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1

Islamic trust fund
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4

Takaful operators
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3

Securities company
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1

Finance company
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1

Pawn-broker

Growth of financial sector assets

Islamic Pattern

Our sectors

Brunei’s Islamic financial sector comprises a diverse ecosystem that includes Islamic banking, Takaful, Sukuk, Islamic investment funds and others. Built on principles of risk-sharing, ethical finance and real economic activity, the sector plays a vital role in advancing inclusive growth and sustainable development.

Islamic pattern

Islamic banking

Offers Shariah-compliant financial services based on profit-sharing, ethical lending, and asset-backed transactions.

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Islamic pattern

Takaful

Islamic insurance model where participants mutually guarantee each other against loss, based on cooperative risk-sharing.

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Islamic pattern

Islamic securities

Shariah-compliant investment certificates that represent ownership in tangible assets or projects, commonly known as Islamic bonds.

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Islamic pattern

Islamic funds

Investment funds managed according to Shariah principles, avoiding interest-based or non-halal industries.

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