From Menafn.com: The oil-rich sultanate of Brunei Darussalam entered the Islamic finance sector around 1993.
But despite the fact that it has only two major Islamic banks, Bank Islam Brunei Darussalam (BIBD) and TAIB, and three Takaful (Islamic Insurance companies), the Islamic banking sector accounts for an encouraging 40 percent of the total banking market in the country…….Full Article: Source