Bank Islam Brunei Darussalam Berhad (BIBD) was named ‘Best Sustainable Islamic Bank 2026’ at the 16th Global Islamic Finance Awards (GIFA), further strengthening the bank’s international reputation and reinforcing Brunei Darussalam’s standing as a respected contributor to the global Islamic finance industry.
The award was presented at the GIFA Awards Ceremony in London, United Kingdom on September 8, 2026, as part of the Global Islamic Finance Summit, which brought together policymakers, regulators, industry leaders and market practitioners from across the international Islamic finance community.
BIBD was selected by the GIFA Awards Committee following its evaluations of nominees under GIFA Methodology.
The recognition acknowledges the bank’s efforts to integrate sustainability, Syariah principles and responsible banking practices while supporting national development priorities and long-term value creation for communities.
Representing BIBD at the ceremony was Acting Managing Director and Chief Executive Officer of BIBD Haji Mohammad Yusri bin Haji Wahsalfelah.
The award was jointly presented by former president of Maldives Dr Mohamed Waheed Hassan and founder of the Cambridge Institute of Islamic Finance (Cambridge IFA) and the GIFA Professor Humayon Dar.
Commenting on the recognition, Haji Mohammad Yusri said, “We are deeply honoured to receive this recognition from GIFA. While the award recognises BIBD’s commitment to sustainable and responsible Islamic banking, it is equally a recognition of Brunei Darussalam, its strong Islamic finance ecosystem, and the values of its people. It is also a testament to the capabilities of Bruneian institutions and talent to compete, innovate and be recognised on the global stage. As a nation, Brunei Darussalam continues to demonstrate that it can contribute meaningfully to the advancement of Islamic finance, sustainability and responsible banking alongside leading international markets.
“This achievement reflects the trust and supports we continue to receive from our shareholders, regulators, strategic Partners in Progress, depositors and customers, all of whom have played an important role in our journey. We sincerely thank them for their unwavering confidence and partnership. As Brunei’s largest Islamic bank, we are proud to represent our nation on the international stage and to demonstrate how Islamic finance can contribute meaningfully to sustainable economic development, financial inclusion and community wellbeing. Guided by the principles of Maqasid Shariah and our Bruneian at Heart ethos, we remain committed to creating positive impact while strengthening Brunei’s presence within the global Islamic finance landscape.”
BIBD’s sustainability agenda is anchored in its Sustainability Framework, introduced in 2021, which integrates environmental stewardship, responsible entrepreneurship and inclusive social impact across the bank’s operations. Guided by the principles of Maqasid Syariah, the framework reflects BIBD’s belief that sustainable Islamic finance is not only about environmental responsibility, but also about creating long-term economic and social value for customers, communities and the nation.
This commitment is reflected in a range of initiatives that promote inclusive growth and community resilience. Through entrepreneurship and financial empowerment programmes, BIBD continues to support MSMEs and aspiring entrepreneurs, while community initiatives such as Projek Teduh help improve living conditions for vulnerable families through a collaborative whole-of-nation approach. Funded through BIBD’s business zakat and supported by employees, corporate organisations and community partners, Projek Teduh exemplifies the values of collective responsibility and social impact embedded within Islamic finance.
The GIFA recognition further builds on BIBD’s growing international sustainability credentials. Earlier this year, the Bank was named a 2-Star Lister on the ESG Select List by the United Nations Global Compact Network Malaysia & Brunei under both the ESG Breakthrough Innovation and ESG Trailblazer categories. The latter recognition acknowledged BIBD as Brunei Darussalam’s first financial institution to be accepted as a participant of the United Nations Global Compact.
As Brunei Darussalam advances its sustainable development ambitions under Brunei Vision 2035, BIBD remains committed to leveraging Islamic finance as a catalyst for responsible growth, greater financial inclusion and positive social impact. Through the continued integration of Syariah principles, sustainability and innovation, the bank seeks not only to contribute to the development of the nation’s financial sector, but also to elevate Brunei Darussalam’s profile as a respected and progressive participant in the global Islamic finance ecosystem.
SOURCE/AUTHOR : BORNEO BULLETIN
Venues
Audience Ceremony with Coordinating Minister for Public Affairs and Minister for Defence, Republic of Singapore
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Certification Application for Religious Teaching, Al-Qur'an, and Lectures 1st Session of 2026
Senior Minister of State, Ministry of Home Affairs Republic of Singapore Audience Ceremony
Ambassador Extraordinary and Plenipotentiary of the People's Republic of China Audience Ceremony
Senior Minister of State, Ministry of Home Affairs Republic of Singapore Audience Ceremony
Ambassador Extraordinary and Plenipotentiary of the People’s Republic of China Audience Ceremony
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Get-Together Ceremony with Citizens and Residents of Brunei in United Kingdom and Ireland
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Sunat Hajat Prayer, Reading of Surah Yasin and Special Doa, Brunei Darussalam Students Overseas
Official Academic Visit by Muslim Scholars Association of Malaysia at Islamic Da'wah Centre
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Message of Congratulations on Occasion of the Islamic Republic of Iran's National Day
Tahlil Ceremony and Appointment Letter Presentation, Jubli Perak Sultan Haji Hassanal Bolkiah Mosque
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Distribution of His Majesty's Personal Gift of Dates, Ministry of Primary Resources and Tourism
Urgent Treated Water Pump Valve Replacement Works at Bukit Barun Water Treatment Plant Stage 4 & 5
Enforcement of Control of the Capture, Importation of Small-sized and Egg-Bearing Lobsters and Crabs
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Temporary Half Lane Road Closure at Jalan Raja Isteri Pengiran Anak Saleha and Tungku Highway
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Flag Handover Ceremony to the National Contingent competing at the 6th Asian Beach Games
Brunei's Commitment to Fostering Peace, Promoting Social Harmony & Advancing Sustainable Development
Book Launching Ceremony, Ambassador Extraordinary and Plenipotentiary of the Republic of Turkiye
Audience Ceremony with the Director-General of the Food and Agriculture Organisation of the United Nations, FAO and Delegation
38th Session of Food and Agriculture Organisation Regional Conference Launching Ceremony
Signing of Agreement between Kedai Kampung & Agrodynamics Antarabangsa Brunei Sendirian Berhad
27/04/2026 Opening of the Final of the National Musabaqah Al-Qur'an Reading for Adults 1447 Hijrah/2026
Mass Sunat Hajat Prayer in conjunction with the World Day for Safety and Health at Work 2026
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Establishment of Tilawah Al-Qur'an Scheme for Children as Foundation for Noble Morals and Personalities
Reading, Deepening Understanding and Expressing Internalisation of Al-Qur'an in Shaping Morals and Behavior
Appointment & Confirmation of Deputy Permanent Secretary (Policy and Management), Ministry of Health
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Bilateral Meeting With His Excellency Prime Minister of the Democratic Republic of Timor-Leste
Flowmeter and Valve Replacement Works at the Agis-Agis Water Treatment Plant, Belait District
Bilateral Meeting with the President and the Vice President of the People's Republic of China
Customs Case, An Indonesian Woman possessing Cigarettes of Various Brands without a Valid Permit
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Long Service Medal Presentation in conjunction with His Majesty's 79th Birthday Celebration
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Message of Condolences following the recent earthquake in Southern Mindanao, Republic of the Philippines
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Talk Programme “Meneladani Tokoh Wanita Islam Zaman Rasulullah Shallallahu 'Alaihi Wasallam"
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1448 Hijrah New Year with the National Level Reading of End of Hijrah Year and Hijrah New Year Doa
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Haj fare grant applications open; registration begins for National Maulidur Rasul celebration
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