Brunei Darussalam: Islamic banking earmarked for further growth (By Oxford Business Group)

Brunei Darussalam: Islamic banking earmarked for further growth

The Islamic banking segment strengthened its position within Brunei Darussalam’s financial services industry last year on the back of rising demand that led to the launch of a new bank and major bond issuances. Having moved early to establish sharia-compliant services, the Sultanate is now well placed to carve out a niche for itself as an international Islamic banking centre. However, the industry will need to address a number of challenges, led by a shortage of skilled workers, if it is to fully support the segment’s development.
In mid-October, Standard Chartered Bank Brunei (SCB) said it was mulling plans to … Read more.