FINANCIAL SYSTEM IN BRUNEI DARUSSALAM
- The evolution of financial institutions in Brunei
Darussalam has been marked by rapid growth over the last decade. This is demonstrated by
the presence of a number of financial institutions of international standing and
reputation, the advent of new financial instruments, the development
of securities, the extensive nature of the financial transactions that are entered into and the numerous
financial services that are now provided. The relaxation of exchange controls and the
development of Islamic institutions have also played their part in making the financial
scene in Brunei Darussalam vastly different from what it was at the time of the passing of
the Banking Act in 1957.
- Financial system in Brunei Darussalam basically
can be divided into 2 categories: Banking System and Non-Bank Financial Institutions as
follows:-
BANKING
SYSTEMCOMMERCIAL
BANKINGS
- BRUNEI CURRENCY BOARD
NON-BANKING FINANCIAL
INSTITUTIONS
FINANCE
COMPANIES
MONEY
CHANGER AND REMITTANCES BUSINESSES
SECURITY
MARKET
INSURANCE
COMPANIES AND TAKAFUL
EMPLOYEES TRUST
FUND (TAP)
ISLAMIC TRUST FUND OF BRUNEI (TAIB)
FINANCIAL
SYSTEM
