Brunei Darussalam

Brunei can be strong Islamic finance sector

It seems that Brunei Darussalam possesses a conducive environment for a strong Islamic finance sector and has the potential to be an Islamic finance hub for the global market if it looks outwards.
Sheikh Faizal Manjoo states that it would have been a very difficult progress without the strong backing of the state, in which Brunei has an advantageous position.
Despite this, he indicated that with a relatively small population, Brunei would not be able to speed up growth in the sector and encouraged the Sultanate to look at offshore markets for further growth.

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