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ECONOMIC ENVIRONMENT
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Despite global economic downturns
affecting some to go into recession, the
growth of the Islamic banking sector
in Brunei has been notably favourable.
Over the past decade, records indicated
a solid growth momentum.
The principles of Islam remain as the
underlying core value in developing and
maintaining Islamic banking products
and business models in the country.
In Brunei, the Autoriti Monetari Brunei
ISLAMIC BANKING
ISTHEWAY FORWARD
Darussalam (AMBD) actively supports
the growth of Islamic finance to uphold
His Majesty the Sultan and Yang
Di-Pertuan of Brunei Daruaalam’s
aspirations for the country to become a
premier Islamic financial centre.
Islamic finance has proved its resilience
during the financial crisis and continues
to be an attractive market segment
where last year, global Islamic financial
assets more than doubled to US$1.8
trillion from 20 years ago, making
Islamic finance a niche that Brunei can
leverage on.
Encouraging levels of expansion rate
and growing acceptance of Islamic
finance is also attributed to the rapid
economic development and increased
prosperity of Islamic countries in the
last few years.