Brunei has still to fully develop its Islamic finance sector. There are great opportunities for foreign Islamic banking institutions to forge ties with the Brunei government and its banking institutions in pushing the business.
Islamic Finance has developed into a $1 trillion global business with the dynamics to reach far more. The epicenters of this industry are in the Middle East and ASEAN, with sizeable cash flow between the two regions.
There is remarkable activity going on in Southeast Asia with regard to mergers and acquisitions in the banking sector. Bank acquisitions are set for a record year of volumes with more than $20 billion worth of deals in the pipeline.
Barwa Bank, a fast growing young financial institution in Qatar, is taking the sector by storm. After having managed a lot of funding deals recently, the bank is in full swing to become a major player in the region.