Brunei needs to increase its sukuk issuances in order to allow securities trading and ultimately create a secondary market, an Islamic finance expert said. Sabri Ulus, the Head of Treasury and Markets at Bank Islam Brunei Darussalam (BIBD) said yesterday that the sukuk (Islamic bonds) issued by Autoriti Monetari Brunei Darussalam (AMBD) are “too small”.
“At the moment what we are doing actually, whenever the issuance comes up, we purely buy it, and keep it until the maturity (period). So if we want to trade, we cannot at the moment,” he said……………………………………….Full Article: Source