28.01.2013 - Brunei: Islamic banking earmarked for further growth
The Islamic banking seg­ment strengthened its position within Brunei Darussalam’s financial services industry last year on the back of rising demand that led to the launch of a new bank and major bond issuances. Having moved early to estab­lish shariah-compliant services, the Sultanate is now well placed to carve out a niche for itself as an international Islamic bank­ing centre. However, the industry will need to address a number of chal­lenges, led by a shortage of skilled workers, if it is to fully support the segment’s development. In mid-October, Standard Chartered Bank Brunei (SCB) said it was mulling plans to intro­duce Islamic banking products this year to meet increased de­mand for sharia-compliant bank­ing services in the Sultanate...............................................Full Article: Source
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