Brunei ranks 13th globally in Islamic finance development; Malaysia and Saudi Arabia maintain their top two positions


The BIBD and Dar Takaful IBB Utama building seen in Bandar Seri Begawan. -- PHOTO: KHAYR ZAKARIYYA/Borneo Bulletin

BANDAR SERI BEGAWAN (Borneo Bulletin/ANN): Brunei has achieved a notable milestone, ranking 13th out of 136 countries globally in the Islamic Finance Development Report 2024: From Niche to Norm, marking its return to the top 15 rankings, according to the Brunei Darussalam Central Bank (BDCB).

The report, based on 2023 data, highlights Brunei’s strong position in the Islamic finance industry, with an Islamic Finance Development Indicator (IFDI) score of 29 points.

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