The Ministry of Finance (MOF), the Brunei International Financial Center, and the Brunei Currency and Monetary Board are the key participants in Brunei's capital markets. Banks, insurance companies, and non-bank financial institutions also play major roles in the development of the market.
As Brunei moves toward the establishment of a bond market, several key participants will be involved, such as the Ministry of Finance (MOF), the Brunei International Financial Center, and the Brunei Currency and Monetary Board.
The Government, through MOF and with the consent of the Sultan of Brunei, issues sukuk bonds. Brunei launched its first BND 150 million offering of the short-term Sukuk Al-Ijara on 6 April 2006. Since then, MOF has been regularly issuing sukuk bonds.
Sukuk Al-Ijarah is an Islamic bond, the issuance of which is backed by the buying, selling, and leasing of tangible properties.
Nine banks operate in Brunei. Three are locally incorporated banks: Islamic Bank of Brunei Bhd (IBB), which provides shari’a-compliant financial options; Baiduri Bank Bhd; and the Islamic Development Bank of Brunei Bhd. There are also six foreign bank branches: Hong Kong and Shanghai Banking Corporation (HSBC); Standard Chartered; Citibank NA; and three Malaysian banks—Malayan Banking Bhd, Overseas Union Bank Ltd, and RHB Bank Bhd.
At present, only two securities companies providing brokerage services are approved to operate in the country. The Ministry of Finance (MOF) compiles a comprehensive list of banks and non-bank financial institutions that operate in Brunei. This list is provided at the MOF website, which is linked below.















