The Shari'ah Law covers Islamic banking in Brunei. Islamic banks are regulated under the Islamic Banking Act.

Because there is no active bond market in Brunei, development of Islamic finance is focused more on banking and equity markets. Brunei plans to strengthen its offshore banking and insurance services, offering both conventional and Shari'ah compliant financial products.

Currently, there are three Islamic banks in Brunei: Islamic Bank Berhad (IBB), Tabung Amanah Islam Brunei (TAIB), and Islamic Development Bank Berhad (IDBB). Examples of IBB's Islamic financial products can be viewed at the link below.