Bank Islam Brunei Darussalam (BIBD) yesterday announced the launch of its landmark BIBD Sukuk Wakalah Programme, marking an important development in Brunei Darussalam’s Islamic finance landscape and a significant step in the bank’s growth journey, while contributing to the continued advancement of the nation’s financial sector.
The inaugural issuance represents Brunei Darussalam’s first corporate Sukuk Wakalah issuance, introducing a new Shariah-compliant investment opportunity for investors and marking an important moment in the nation’s financial landscape. Institutional investors will be able to participate directly in the primary issuance, while eligible retail investors will have access through BIBD Securities’ Fractional Sukuk offering, with a minimum investment of BND5,000.
The BIBD Sukuk Wakalah Programme was officially launched jointly by Yang Berhormat Dato Seri Setia Dr Haji Abdul Manaf bin Haji Metussin, Coordinating Minister for Economic Policies and Minister of Economy, Trade and Industry, in his capacity as Chairman of Brunei Darussalam Central Bank, and Yang Berhormat Dato Seri Setia Awang Haji Ahmaddin bin Haji Abdul Rahman, Coordinating Minister for Social and Manpower Policies and Minister of Home Affairs, in his capacity as Chairman of Bank Islam Brunei Darussalam Berhad.
The joint launch reflects the shared commitment of key stakeholders towards strengthening Brunei Darussalam’s financial sector, advancing Islamic finance and supporting the continued development of the country’s capital market. It also underscores the significance of the Sukuk as an important milestone not only for BIBD, but also for the broader financial landscape of Brunei Darussalam.
As Brunei Darussalam’s leading Islamic financial institution, BIBD’s entry into the Sukuk market reflects the bank’s commitment to advancing Islamic finance, supporting financial innovation and strengthening the country’s financial sector.
More than an investment opportunity, the Sukuk demonstrates how Shariah-compliant financing solutions can provide organisations with additional avenues to raise capital, diversify funding sources and support long-term growth. Through the BIBD Sukuk Wakalah Programme, BIBD aims not only to access the capital market, but also to build greater awareness and understanding of Sukuk among investors, businesses and the wider community.
The Sukuk represents an important milestone for BIBD and a meaningful step in the growth of Brunei Darussalam’s financial sector. Globally, Sukuk has become a widely recognised financing instrument, supporting business expansion, infrastructure development and long-term investment. As Brunei Darussalam continues its journey towards economic diversification, Sukuk have the potential to support funding needs across a wider range of sectors and activities.
The Sukuk Wakalah Programme is more than financing. It reflects how Sukuk can provide organisations with another avenue to raise funds, support future growth and access new pools of capital while remaining aligned with Shariah principles. The initiative is also intended to encourage broader understanding of how Sukuk can support funding and investment objectives, helping more market participants appreciate the role these instruments can play within a diversified financial market.
By taking this step, BIBD hopes to contribute to a more active and diverse capital market, one that offers greater choice for investors and broader funding options for organisations. As a Partner in Progress, BIBD remains committed to supporting the growth of Brunei Darussalam’s financial sector while expanding opportunities within Islamic finance.
The significance of this Sukuk extends well beyond the issuance itself. As Brunei Darussalam’s first corporate Sukuk Wakalah programme, it marks an important step for the nation’s Islamic capital market and demonstrates how Islamic finance can support broader economic progress. Beyond this inaugural issuance, BIBD hopes the programme can help establish a pathway for future issuers to access the Sukuk market. A broader pipeline of corporate issuances can deepen Brunei Darussalam’s capital market, mobilise domestic capital towards productive economic activity and provide businesses with an additional source of long-term funding alongside traditional bank financing. Through the programme, BIBD is proud to contribute to these efforts while supporting the continued growth of Brunei Darussalam’s capital market.
For investors, the Sukuk provides an opportunity to participate in BIBD’s next phase of growth and transformation. The investment proposition is underpinned by the bank’s strong financial fundamentals, market leadership position, prudent risk management practices, transparent governance framework and unwavering commitment to Shariah principles. These foundations continue to shape how BIBD manages its business, engages with stakeholders and creates long-term value. BIBD’s objective is not simply to grow, but to build an institution that remains resilient, relevant and capable of delivering sustainable value through changing economic and market conditions. These are the foundations that underpin the Sukuk and support BIBD’s long-term commitment to delivering sustainable value.
The bank remains committed to ensuring investors feel supported throughout the process. Together with its advisers, BIBD will continue engaging prospective investors through upcoming awareness and engagement activities, providing opportunities to better understand the Sukuk structure, review the relevant information and seek clarification where required. For BIBD, transparency is not simply about providing information. It is about giving investors the confidence to engage, evaluate opportunities responsibly and make informed decisions based on a clear understanding of both the Sukuk and the institution behind it.
Commenting on the launch, Haji Mohammad Yusri bin Haji Wahsalfelah, Acting Managing Director and Chief Executive Officer of BIBD, said, “This landmark Sukuk represents more than an important milestone for BIBD. It is also an important step in the continued growth of Brunei Darussalam’s Islamic finance landscape. As Brunei Darussalam continues its journey towards economic diversification and sustainable growth, initiatives such as this help expand the range of funding and investment solutions available while strengthening the broader financial sector. A deeper Islamic capital market can give businesses more options to raise funds, attract investment and support future growth.
“We hope this issuance encourages greater participation from both issuers and investors and helps build momentum for the continued growth of Brunei Darussalam’s Islamic capital market. Importantly, investor confidence is built through transparency.
“We remain committed to open communication, strong governance and timely disclosures while ensuring investors have access to the information they need to make informed decisions.
“As a Partner in Progress, BIBD remains committed to supporting national development priorities, advancing Islamic finance and creating long-term value for our customers, stakeholders and the communities we serve.”
Beyond its significance for investors and the development of Brunei Darussalam’s capital market, the Sukuk Programme also highlights the growing depth of expertise within the nation’s financial sector. Guided by a strong and capable leadership team, professionals across BIBD and BIBD Securities worked closely with regulators, advisers, and international market participants to successfully structure and bring the programme to market.
More than delivering Brunei Darussalam’s first corporate Sukuk Wakalah issuance, the programme has demonstrated the ability of local talent to collaborate effectively, while gaining valuable experience in Islamic capital markets. The knowledge, skills, and capabilities developed through this process will help support future Sukuk issuances and contribute to the continued growth and maturity of Brunei Darussalam’s capital market ecosystem.
The launch of the BIBD Sukuk Wakalah Programme marks the beginning of a broader relationship between BIBD and the capital markets. Over the coming months, investors and stakeholders will have further opportunities to engage directly with BIBD and its advisers, gain deeper insights into the Sukuk structure and better understand the information made available to prospective investors. BIBD encourages interested investors to stay connected through its official channels for the latest announcements and updates relating to the programme.
Prospective investors are also encouraged to participate in upcoming engagement sessions, ask questions, review the relevant offering documents carefully and seek clarification where required before making any investment decision. When subscriptions open, investors are encouraged to carefully consider the opportunity, assess the information provided and determine how the Sukuk aligns with their own investment objectives, risk appetite and portfolio requirements.
BIBD acknowledges the support and collaboration of Brunei Darussalam Central Bank (BDCB), as well as the contributions of its advisers, business partners and project stakeholders, whose expertise and partnership have been instrumental in advancing the Sukuk Wakalah Programme. The launch also reflects the dedication of teams across BIBD and BIBD Securities, whose collective effort, commitment and professionalism have helped bring Brunei Darussalam’s first corporate Sukuk Wakalah issuance from concept to market.
BIBD’s Sukuk Wakalah Programme reflects the importance of collaboration in advancing capital market development.
Continued engagement among issuers, investors, regulators and other market participants will be essential in creating a deeper and more vibrant market ecosystem. By broadening access to Shariah-compliant funding and investment opportunities, the initiative aims to support greater market participation, strengthen investor confidence and contribute to the continued growth of Brunei Darussalam’s Islamic capital market.
SOURCE/AUTHOR : BORNEO BULLETIN
Venues
Audience Ceremony with Coordinating Minister for Public Affairs and Minister for Defence, Republic of Singapore
His Royal Highness receives in Audience Coordinating Minister for Public Affairs and Minister for Defence, Republic of Singapore
Congratulatory Messages on Occasion of Malaysia's 68th Anniversary of Independence Day
Congratulatory Messages on the Occasion of the Socialist Republic of Viet Nam's National Day 80th Anniversary
Registration for National Level Musabaqah Al-Qur'an Memorisation and Its Understanding 1447 Hijrah
Course Closing Ceremony, Pengiran Anak Puteri Muta-Wakkilah Hayatul Bolkiah Religious School
Tahlil Ceremony in conjunction with 50th Anniversary of Brunei Arts and Handicrafts Training Centre
Congratulatory Messages on the occasion of Kingdom of Saudi Arabia's 95th National Day
Inauguration Of Establishment of Johor Islamic Religious Council & Multaqa Ulama' Darul Ta'zim
Congratulatory Message on the Occasion of Republic of Korea's National Foundation Day
Doa Kesyukuran Ceremony in conjunction with Her Majesty Duli Raja Isteri's Birthday Celebration
Audience Ceremony with The Secretary of National Defence of the Republic of the Philippines
Khatam Al-Qur'an Ceremony in conjunction with Birthday Celebration of Her Majesty Duli Raja Isteri
Audience Ceremony with Spouse of the Chief of Staff of the Armed Forces of the Philippines
Doa Kesyukuran Ceremony in conjunction with the Birthday Celebration of Her Majesty Duli Raja Isteri
Khatam Al-Qur'an Ceremony in conjunction with the Ruby Jubilee of the Islamic Da'wah Centre
Minister of Foreign Affairs of the Lao People’s Democratic Republic Audience Ceremony
Prizes Presentation, National Preliminary Musabaqah Al-Qur'an Reading Competition for Adults
Khatam Al-Qur'am Ceremony in conjunction with the 50th anniversary of Television Services, RTB
Congratulatory Message on the occasion of the Republic of Turkiye's 102nd Republic Day
Sales Festival in conjunction with the Farmers, Livestock Breeders and Fishermen Day Celebration
Message of Condolences following the Tragic Incident of a Turkish Military Cargo Plane Crash
RB awarded 2026 APEX Four Star Major Airline & 2026 APEX Best in Seat Comfort Award for East Asia
Meeting of the Steering Committee with the Sectoral Committees for the Diamond Jubilee Celebrations
Silver Jubilee Celebration, 25th Anniversary of Yayasan Sultan Haji Hassanal Bolkiah Mosque
His Royal Highness Prince Haji Sufri Bolkiah watches Fencing Event of Islamic Solidarity Games 2025
His Royal Highness Prince Haji Sufri Bolkiah presents the Gold Medals, Islamic Solidarity Games 2025
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
Launching of Guideline Book on Addressing Harassment at the Workplace in the Public Service
Messages of Condolences following the recent fire at Wang Fuk Court Residential Complex
Congratulatory Messages on the occasion of the National Day of the Kingdom of Thailand
Nine To Four Run in conjunction with 'Ke Temburong Bisai Programme: Borneo Bike Gathering Edition'
Message of Condolences following the Terrorist Attack at Bondi Beach, Sydney, Australia
Their Majesties will attend a Get-Together Ceremony with Citizens and Residents in United Kingdom and Ireland
Get-Together Ceremony with Citizens and Residents of Brunei in United Kingdom and Ireland
Doa Kesyukuran Ceremony in conjunction with the 42nd Anniversary of Kampung Sungai Besar Mosque
Message of Congratulations on the occasion of Republic of the Union of Myanmar's 78th Independence Day
Working Visit by Ministry of Religious Affairs Delegation for the Admission of Sanah 5 Students
Exhibition Match in conjunction with Peak x UNIKLEARN Pickleball Charity Championship 2026
His Majesty will be Taking Rest, Limited Presence at National and Official Ceremonies
Sovereign's Parade Ceremony of the 24th Intake of the Officer Cadet School, Defence Academy, RBAF
Discipline and Self-Resilience are the Core of the Success of 24th Intake of Officer Cadets
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
Commemorative Products Press Conference in conjunction with Diamond Jubilee Wedding Anniversary
Brunei-Cambridge G.C.E. 'O' Level and IGCSE Examination Results for October/November 2025 Session
Agreement Signing between Warisan Shipping Line and DP World Logistics Malaysia Sendirian Berhad
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
Presentation of Appreciation Certificates and Apointment Letters, Selangan Mosque Takmir Committee
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
Congratulatory Message on occasion of Appointment as the New Prime Minister of the People's Republic of Bangladesh
Religious Ceremony Awaiting the Results of the Sighting of the New Moon of Ramadhan 1447 Hijrah
Temporary Half Lane Road Closure at Jalan Raja Isteri Pengiran Anak Saleha and Tungku Highway
Doa Kesyukuran Ceremony in conjunction with His Royal Highness the Crown Prince's 52nd Birthday
Doa Kesyukuran Ceremony in conjunction with the Crown Prince's 52nd Birthday Celebration
Prohibition of Offering Ramadhan Buffet for Premises that have not obtained Halal Certificate
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
Final of National Level Musabaqah Al-Qur'an Reading for Adults 1447H/2026M, Final Night
Audience Ceremony with Deputy Prime Minister and Minister of Foreign Affairs and International Cooperation of Cambodia
Conferment of State Honorary Medals in conjunction with His Majesty's 79th Birthday Celebration
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
Advance Party of Brunei Darussalam Haj Management Office meeting with Syarikat Holiday Inn Bakkah
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
His Royal Highness left Shenzhen after concluding Official Visit to the People's Republic of China
Long Service Medal Presentation in conjunction with His Majesty's 79th Birthday Celebration
Religious Ceremony while Waiting For the Result of the Moon Sighting for Zulhijjah 1447 Hijrah
Ensuring every Citizen possesses Homes that are Comfortable, Safe and of Reasonably High Quality
Establishment of the National Committee on Addressing the Impact of the Middle East Conflict
Special Titah in conjunction with the Reshuffle and Appointment of New Cabinet Ministers and Deputy Ministers 2026
His Majesty consents to Appoint and Promote the Deputy Director of Anti-Corruption Bureau as Director of Anti-Corruption Bureau
Swearing-In Ceremony for the Newly Appointed Judicial Commissioner of the Supreme Court for the Court of Appeal of Brunei Darussalam
Message of Condolences following the recent earthquake in Southern Mindanao, Republic of the Philippines
Courtesy Call by the Non-Resident Ambassador of the Republic of Azerbaijan to Brunei Darussalam
Talk Programme “Meneladani Tokoh Wanita Islam Zaman Rasulullah Shallallahu 'Alaihi Wasallam"
Congratulatory Message on the Occasion of the Republic of the Philippines' 128th Independence Day
1448 Hijrah New Year with the National Level Reading of End of Hijrah Year and Hijrah New Year Doa
His Majesty will attend the ASEAN-Russia Commemorative Summit in Kazan, Russian Federation
The Pillars to the Country's Stability, Prosperity and Resilience Must Always Be At a Strong and Secure Level
His Majesty Hope Goverment-Linked Companies Will Be Able to Contribute to a More Sustainable Economic Growth
Strengthening Religious Education and the Field of Da'wah or Propogation is Necessary
Gala Dinner in Honour of Heads of State and Government of ASEAN attending the ASEAN-Russia Commemorative Summit
Congratulatory Messages on the occasion of His Majesty King Charles III's 77th Birthday Anniversary
In Audience with the Outgoing Ambassador Extraordinary and Plenipotentiary of the United States of America to Brunei Darussalam
'Kampungku Cergas' Recreational Activity in conjunction with the National Family Day Celebration
'Quit2Win' Campaign becomes an Important Platform to Quit Smoking and Stop using Electronic Vape
BDFA Responsible for the Food Safety Services in the Tutong District and Temburong District
Maintenance Works of Mengkubau Water Treatment Plant & Cleaning Works of Bukit Ambok Water Tank
Doa Kesyukuran Ceremony in conjunction with His Royal Highness Prince 'Abdul Malik's 43rd Birthday
Giant-Sized Flag Hoisting Ceremony in conjunction with His Majesty's 80th Birthday Celebration
Kejohanan Bola Sepak His Majesty The Sultan's Cup : Memperkukuh hubungan persahabatan NBD, UK
Haj fare grant applications open; registration begins for National Maulidur Rasul celebration
Brunei Insurance & Takaful Represented in the 31st East Asia Insurance Congress (EAIC) Tokyo 2026
Maraburong Prison Phase 4 building handed overMaraburong Prison Phase 4 building handed over
Their Majesties attend funeral for late HRH Pengiran Anak Isteri Pengiran Anak Hajah Zariah
Designation of Private and Confidential Secretary to His Majesty is a Deputy Ministerial level position
Comments (0)
No comments yet. Be the first to comment!
Leave a Comment