Brunei remains top 10 in Islamic finance development indicators 2019

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BRUNEI DARUSSALAM (Borneo Bulletin/ANN): Brunei Darussalam maintained its ranking as one of the top 10 performing Islamic finance markets out of 131 countries as reported in the recently published ICD-Refinitiv Islamic Finance Development Report 2019: Shifting Dynamics.

The report, which takes into account data accumulated in 2018, revealed that Brunei Darussalam’s scored 45 points in the Islamic Finance Development Indicator , ranking Brunei Darussalam at the 10th position in 2019, and third in the Asean region, after Malaysia and Indonesia.

Indonesia came fourth with improved score in Quantitative Development as the region has raised US$1.25 billion in sovereign green sukuk and US$1.64 billion in waqf-linked sukuk, both in 2018. Brunei Darussalam remained in the top 10 position in the Awareness indicator, rising from third to second place for seminars – ranking the country in the top five countries for Islamic Finance Events in 2018.

 

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