Shariah-compliant banking in Brunei is seen to reach between 55 to 60 per cent from the current 40 per cent market share in the next five years, said the managing director of a local bank.
The forecast, coupled with a more central role that Islamic finance is now playing in the Bruneian economy, emphasises the need for standardised regulations for Islamic finance, said Javed Ahmad, the Managing director of Bank Islam Brunei Darussalam (BIBD)………………………………………..Full Article: Source