BANDAR SERI BEGAWAN — Brunei’s largest Islamic financial institution, Bank Islam Brunei Darussalam (BIBD), has posted a record high in total assets of $10.7 billion – a 6.2 percent jump from its 2018 valuation of $10.1 billion.
During its annual general meeting on Friday, BIBD said in 2019 its net profit rose five percent to $155.4 million compared to $147.9 million in 2018, which it attributed to financing, leasing and investment activities.
The BIBD Group — which includes subsi
One component of Brunei Darussalam's financial ecosystem that has scope for enhancement is the development of Brunei Darussalam as a prominent hub for Islamic finance. In this regard, the website aims to provide access to information, analysis and insights into the Islamic finance industry and other unique Islamic economy opportunities across different sectors in Brunei. The website will help increase awareness and contribute to the growth and development of the Islamic finance industry in Brunei.