This report is an outcome of the support and contributions of ASEAN+3 Bond Market Forum members and experts, particularly from Brunei Darussalam. The country's domestic capital market has considerable growth potential. Since 2006, the government has maintained a continuous program of sukuk (Islamic bond) issuance with progressively longer maturities. The objective of the current program is to both develop Brunei Darussalam's yield curve as a benchmark for corporate sukuk and provide a safe and liquid investment instrument for domestic financial institutions. Brunei Darussalam has been a pioneer in issuing short-term sukuk with maturities of 1 year or less. Through June 2017, a total of 146 government sukuk using the principle of al-ijarah (issuance based on underlying assets) had been issued, bringing the cumulative amount issued to BND10.97 billion, with an outstanding amount of BND393.2 million as of 30 June 2017.

Book Information
ISBN 9789292578855
Author Asian Development Bank
Format Paperback
Page Count 52
Imprint Asian Development Bank
Publisher Asian Development Bank