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Last modified: 12/10/2015 02:03 PM |

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by: i:0#.w|bnmof\mohayazeed_jasni

  


PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (June 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to announce the successful pricing of its 195th issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND5 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
195
17 June 202113 June 2024
1092 Days (3 Years)
0.1875%

 

With this issuance, the Brunei Government has thus far issued over BND14.55 billion worth of Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006, and the total holdings of the Brunei Government Sukuk outstanding as at 17th June 2021 stood at BND280.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 195th Series

  


PRESS RELEASE

AMBD ALERT LIST HAS BEEN UPDATED

 

1.         Autoriti Monetari Brunei Darussalam (AMBD) would like to inform members of the public that the AMBD Alert List has been updated. 

2.       The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned. 

3.       AMBD would also like to inform the public that the individuals, companies or entities listed below have been included in the Alert List for the month of May 2021, as follows: 

  1. Alan Wong Loan Settlement (FB Profile) (8300641); and
  2. Billah FinService Organization (FB Profile) 

4.       To access the Alert List, members of the public may visit the AMBD website at www.ambd.gov.bn. A list of persons or institutions licensed by AMBD may be obtained through the same website.

5.       Further, it has come to the AMBD's attention that there are several Facebook pages that are used as platforms to advertise and offer unlicensed/ unregulated financial activities (meaning the provision of financial products and related services), including the Facebook page "Via Tempat Minjam Duit Tahan Item/ATM".

6.       In this regard, AMBD would like to urge the public to only deal with financial institutions licensed by AMBD, and to avoid against dealing with unlicensed financial service providers or third party entities that offer assistance to obtain financial products or related services on any social media platforms. Members of the public who involve themselves with unlicensed or unregulated persons and/or financial institutions will not have the protection afforded under the regulatory framework administered by AMBD.

7.       AMBD remains committed to the financial stability of Brunei Darussalam and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. AMBD will also continue to actively monitor any suspicious or unlicensed financial activities in Brunei Darussalam. If the public have any information on unlicensed financial activities, please contact AMBD at 2380007 or email us at fci@ambd.gov.bn.

 

 

Autoriti Monetari Brunei Darussalam

Date:                 5 Zulkaedah 1442H / 16 June 2021M

Reference:        AMBD/COMMS/3

Download Malay version here

Download English version here

  


Press Release

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (April 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 25th issuance of AMBD I-Bills.

The total of the sukuk issuance was BND12 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
0256 May 202120 May 202114 Days0.1000%

 

With this issuance, AMBD thus far issued BND604 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 6th May 2021 stood at BND12 million.

Download Successful Issuance of AMBD Islamic Bills 25th Series

  


PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (May 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to announce the successful pricing of its 194th issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND100 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
1946 May 20215 August 202191 Days0.1875%

 

With this issuance, the Brunei Government has thus far issued over BND14.55 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006, and the total holdings of the Brunei Government Sukuk outstanding as at 6th May 2021 stood at BND325 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 194th Series

  


PRESS RELEASE

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 4 2020 (Q4 2020)

1.         Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the fourth quarter of 2020 (Q4 2020). The index is compiled using data sourced from the banks in Brunei Darussalam, and is published with close cooperation from the Ministry of Development, in particular the Authority for Building Control and Construction Industry (ABCi). 

2.       In Q4 2020, the RPPI was at 90.6, showing a decrease of 4.9% year-on-year compared to Q4 2019, and a decrease of 1.2% quarter-on-quarter compared to the previous quarter (Q3 2020). 


AMBD RPPI Q4 2020 Img01.PNG

AMBD RPPI Q4 2020 Img02.PNG

3.       Based on the mortgage data obtained from the banks, there were 131 transactions for private residential properties in Q4 2020, compared to 182 transactions in Q3 2020. The majority of these transactions were for detached houses (53.4%); followed by semi-detached houses (19.9%); terrace houses (18.3%); apartments (3.8%); and land (4.6%). 

4.       The median purchase price for all types of private residential properties was BND245,000 in Q4 2020 – lower by 5.0% compared to Q4 2019 and higher by 2.1% compared to Q3 2020. The median purchase prices for specific types of properties were BND289,000 for detached houses; BND250,000 for semi-detached houses; BND202,500 for terrace houses; BND210,000 for apartments; and BND75,000 for land. 

5.       The published statistics and index should be treated as general information only and one should not rely solely on these data to draw specific conclusions on a particular private residential property as property values vary with location, land size, floor area and so on. 

6.       For more information on RPPI, members of the public may refer to the technical notes on the methodology, and updated statistics from on the AMBD website at www.ambd.gov.bn. Updates on the RPPI will also be available on AMBD's Instagram account @autoriti_monetari.

  

Autoriti Monetari Brunei Darussalam

Ref:                         AMBD/COMMS/3

Date:                      15 Sya'aban 1442H/ 29 March 2021M

Download Malay version here

Download English version here

  


Press Release

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS


Bandar Seri Begawan, Brunei Darussalam (April 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 24th issuance of AMBD I-Bills.

The total of the sukuk issuance was BND20 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
024
22 April 20216 May 202114 Days0.1000%


With this issuance, AMBD thus far issued BND592 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 22nd April 2021 stood at BND40 million.

Download Successful Issuance of AMBD Islamic Bills 24th Series

  


PRESS RELEASE

TAHLIL CEREMONY FOR

AL-MARHUM SULTAN HAJI OMAR 'ALI SAIFUDDIEN SA'ADUL KHAIRI WADDIEN

IBNI AL-MARHUM SULTAN HAJI MUHAMMAD JAMALUL ALAM,

AL-MARHUMAH DULI RAJA ISTERI PENGIRAN ANAK DAMIT

BINTI AL-MARHUM PENGIRAN BENDAHARA PENGIRAN ANAK ABDUL RAHMAN

AND AL-MARHUM HIS ROYAL HIGHNESS PRINCE HAJI 'ABDUL 'AZIM

IBNI HIS MAJESTY SULTAN HAJI HASSANAL BOLKIAH MU'IZZADDIN WADDAULAH

Omar 'Ali Saifuddien Mosque

Bandar Seri Begawan

Wednesday, 8 Ramadhan 1442H corresponding to 21 April 2021M

 

1.         Autoriti Monetari Brunei Darussalam (AMBD) held a Tahlil ceremony for Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien ibni Al-Marhum Sultan Muhammad Jamalul Alam, Al-Marhumah Duli Raja Isteri Pengiran Anak Damit binti Al-Marhum Pengiran Bendahara Pengiran Anak Abdul Rahman and Al-Marhum His Royal Highness Prince Haji 'Abdul 'Azim ibni His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah today, 8 Ramadhan 1442H corresponding to 21 April 2021M. The ceremony took place at the Omar 'Ali Saifuddien Mosque, Bandar Seri Begawan. 

2.       Present at the ceremony were Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs in his capacity as Deputy Chairman of AMBD's Board of Directors; Yang Berhormat Dato Seri Setia Haji Awang Abdul Mokti bin Haji Mohd Daud, Minister at the Prime Minister's Office; other members of the AMBD Board of Directors as well as AMBD male officers and staff.

3.       The ceremony commenced with Zohor prayers led by Yang Mulia Mudim Haji Amran bin Haji Md Salleh. The event was then followed by the recitation of Surah Yassin and Tahlil led by Yang Mulia Imam Awang Md Hasnal bin Haji Mohamad, and concluded with the recitation of Doa Tahlil and Doa 'Allah Peliharakan Sultan dan Negara Brunei Darussalam' led by Yang Mulia Mudim Haji Amran bin Haji Md Salleh.

 

Autoriti Monetari Brunei Darussalam

Date                       :               8 Ramadhan 1442 / 21 April 2021

Reference             :               AMBD/COMMS/3

Download Malay version AMBD Siaran Akhbar - Tahlil Ceremony Ramadhan 1442

Download English version AMBD Press Release - Tahlil Ceremony Ramadhan 1442

  


Press Release

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS


Bandar Seri Begawan, Brunei Darussalam (April 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 23rd issuance of AMBD I-Bills.

The total of the sukuk issuance was BND20 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
023
15 April 202129 April 202114 Days0.1100%


With this issuance, AMBD thus far issued BND572 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 15th April 2021 stood at BND20 million.

Download Successful Issuance of AMBD Islamic Bills 23rd Series

  


PRESS RELEASE

AMBD BREAST CANCER AWARENESS SHARING SESSION

 

  1. Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with Pantai Jerudong Specialist Centre (PJSC) and Brunei Breast Cancer Support Group (BBCSG), recently, organised a sharing session on breast cancer for AMBD officers and staff.
     
  2. The objective of the session is to increase awareness on the subject through an explanation of the science behind breast cancer, preventative measures which can be practiced daily, and the importance of frequent self-examination and screening for early detection. The session also shared the experiences of survivors and caring for those diagnosed with breast cancer. The talks were conducted by YM Dr. Raden Mas Jeffri bin Raden Mas Ismail, Oncology Specialist from PJSC; YM Hajah Aminah binti Haji Momin @ Ratu Hajah Aminah binti Pangeran Hawa Haji Momin, President of the BBCSG; and YM Datin Hajah Dayang Jaliha binti Haji Momin @ Ratu Datin Hajah Dayang Jaliha binti Pangeran Hawa Haji Momin, Secretary of the BBCSG.
     
  3. Through this session, it is hoped that AMBD employees would foster a better sense of responsibility towards their health, and also support those who are, or have suffered, from breast cancer.
     
  4. The event concluded with a handover of donations collected through AMBD's Pinktober 2020 Donation Drive by YM Hajah Rokiah Binti Haji Badar, Managing Director of AMBD to the President of the BBCSG. The Pinktober 2020 Donation Drive was conducted internally amongst AMBD employees to contribute mastectomy bras and breast prosthetics for breast cancer survivors and patients.
     

 

Autoriti Monetari Brunei Darussalam

Ref:                         AMBD/COMMS/3

Date:                      30 Syaaban 1442 / 13 April 2021

Download Malay version here

Download English version here

  


PRESS RELEASE
 OPERATING HOURS FOR AUTORITI MONETARI BRUNEI DARUSSALAM
DURING THE MONTH OF RAMADHAN 1442H

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) would like to inform the public that it will be closed on the first day of Ramadhan, Wednesday, 14 April 2021, and will resume its operations on Thursday,      15 April 2021. This closure also includes AMBD's Currency Gallery and Gift Shop, Credit Bureau Customer Service Counter, other AMBD counter services, as well as the Real Time Gross Settlement (RTGS) System and the Automated Clearing House (ACH) System.
     
  2. AMBD would also like to inform the public on AMBD's operating hours for the month of Ramadhan 1442H:
     

    Working hours

    Monday – Thursday :               8.00 am – 3.00 pm

    Friday                           :               7.30 am – 11.30 am
     

    AMBD Currency Gallery and Gift Shop

    Monday – Thursday  :               8.30 am – 12.00 pm

    Friday                           :               8.30 am – 10.30 am

     
    Credit Bureau Customer Service Counter, Payment Counters dan Other Counter Services

    Monday – Thursday  :               8.30 am – 2.00 pm

    Friday                           :               8.30 am – 10.30 am

     
    AMBD Coin Deposit Machine

    Monday – Thursday :               8.30 am – 2.00 pm

    Friday                            :               8.30 am – 10.30 am

     
    RTGS System

    Monday – Thursday  :               9.00 am – 2.00 pm

    Friday                           :               9.00 am – 11.00 am

     
    ACH System

    Monday – Thursday :               8.50 am – 1.40 pm

    Friday                           :               8.40 am – 10.50 am

     
  3. AMBD would like to apologise for any inconvenience caused and would like to take this opportunity to wish all Muslims Ramadhan Mubarak. 


Autoriti Monetari Brunei Darussalam

Date:                      30 Syaaban 1442H/ 13 April 2021M
Reference:           AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

SUCCESSFUL ISSUANCES OF BRUNEI DARUSSALAM GOVERNMENT SHORT-TERM SUKUK AL-IJARAH SECURITIES


Bandar Seri Begawan, Brunei Darussalam (April 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), agent to the Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam in managing and administering Sukuk Al-Ijarah issuances, is pleased to announce the successful pricing of its 193rd issuance of Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND 100 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
193
8 April 2021
8 July 2021
91 Days0.2500%

 

With this issuance, the Brunei Government has thus far issued over BND14.45 billion worth of short-term Sukuk Al-Ijarah securities since the maiden offering on 6th April 2006, and the total holdings of the Brunei Government Sukuk outstanding as at 8th April 2021 stood at BND 325.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 193rd Series

  


PRESS RELEASE

EXTENSION OF INTERIM MEASURES BY THE BANKING SECTOR

 

1.                  Autoriti Monetari Brunei Darussalam (AMBD), in close consultation with the banking industry, would like to inform on the extension of the period for assistance to businesses and individuals affected by the COVID-19 pandemic for another six (6) months (1st April 2021 – 30th September 2021). 

2.                Since April 2020, banks and finance companies have been providing a specific set of assistance to help alleviate the financial distress of affected borrowers. As of December 2020, a total of 2,014 applications have been granted assistance for which the majority preferred to temporarily defer their monthly loan /financing repayment. This initial assistance has expired on 31st March 2021. 

3.                Throughout the period, AMBD observed that the assistance has helped to ease customers from the sudden financial challenges due to the COVID-19 pandemic. Given the resumption of economic and social activities, a number of customers have been able to successfully exit the interim measures and resume their loan / financing repayments. Nonetheless, AMBD recognised that a number of individuals may continue to face cash flow pressures and may require more time to resume full loan / financing repayments. For some customers, an alternative financing solution may be necessary. 

4.                Through this extended period, AMBD will provide regulatory flexibility to encourage banks and finance companies to offer affected customers with suitable temporary assistance with the following options: 

    1. Deferment of repayments on loan / financing;
       
    2. Restructuring on personal loan / financing and hire purchase such as car financing for a period not exceeding 10 years;
       
    3. Conversion of outstanding balance on credit card into a short term loan / financing not exceeding 3 years for affected individuals in the private sector only including self-employed; and
       
    4. Waiver of selected fees and charges related to these facilities, except third party charges.
       

5.                Subject to each financial institutions' assessments, the temporary assistance is available to customers who continue to face cash flow challenges. Affected businesses and individuals who wish to apply are advised to approach their respective banks and finance companies for further information. Customers are advised to consider first whether the assistance is needed and the appropriateness of the options provided. For those borrowers who are able to resume full repayments are encouraged to do so, so as not to accumulate too much debt over time. 

6.                Additionally, banks will continue to waive the fees and charges (excluding third party charges) for local fund transfers made to other banks via the Real Time Gross Settlement (RTGS) and Automated Clearing House (ACH) systems for another six (6) months, until 30th September 2021 for all bank customers. Since the waivers were introduced in April 2020, AMBD has seen a positive increase towards the utilisation of online interbank transfers in terms of transaction volume. The general public is encouraged to experience the convenience of existing digital payment platforms offered by the banks and other payment system providers. 

7.                 AMBD would like to assure the general public that the banking sector remains resilient, strong and well-capitalised. AMBD will continue to actively monitor the health of the industry including the assistance granted through the period. 

8.                For further information, please contact the banks or finance companies directly or AMBD at 2388388 or


Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3

Date:                      24 Sya'ban 1442 / 7 April 2021

Download Malay version here

Download English version here

  


PRESS RELEASE

17TH ASEAN CENTRAL BANK GOVERNORS' MEETING

AND RELATED MEETINGS, (VIRTUAL)

Monday, 29 March 2021to Tuesday, 30 March 2021

ASEAN Central Bank Governors and Financial Institutions CEOs Dialogue


1.         On Monday, 29 March 2021 Yang Mulia Dayang Hajah Rokiah binti Haji Badar, Managing Director of Autoriti Monetari Brunei Darussalam (AMBD) chaired the ASEAN Central Bank Governors and Financial Institutions Chief Executive Officers (CEOs) Dialogue that marks the start of the ASEAN Central Bank Governors Meeting under Brunei Darussalam's Chairmanship. The Dialogue served as an avenue for ASEAN Central Bank Governors and ASEAN Financial Institutions CEOs to exchange views on possible pathways and approaches for both the policymakers and industry players to collaborate in advancing the ASEAN Financial Integration agenda including adapting to the changes brought by the digital age and the move towards building a more sustainable planet and economy. 

2.       The meeting was attended by ASEAN Central Bank Governors, their representatives and representatives from banks associations from ASEAN Member Countries. Also in attendance at the Dialogue were Mr. Ti Eng Hui, Chairman of the Brunei Association of Banks (BAB) and Datuk Abdul Farid Alias, Chairman of the ASEAN Bankers Association (ABA).

 

17th ASEAN Central Bank Governors' Meeting

3.       The 17th ASEAN Central Bank Governors' Meeting (ACGM) convened virtually on Tuesday, 30 March 2021, and was also chaired by Yang Mulia Dayang Hajah Rokiah binti Haji Badar. 

4.       The meeting discussed and endorsed the progress report of financial integration initiatives under the purview of the ASEAN Senior Level Committee on Financial Integration and key takeaways from the ASEAN Financial Institution CEOs and Central Bank Governors Dialogue. 

5.       The meeting was attended by ASEAN Central Bank Governors, their representatives and members of the ASEAN Secretariat. Brunei Darussalam was represented by Yang Mulia Dayang Hajah Noorrafidah binti Sulaiman, Deputy Managing Director (Monetary Operations/Development and International) of AMBD.


7th ASEAN Finance Ministers' and Central Bank Governors' Meeting and Special Session between ASEAN Finance Ministers and Central Bank Governors with Heads of International Financial Institutions

6.       The 7th ASEAN Finance Ministers' and Central Bank Governors' Meeting (AFMGM) and Special Session between ASEAN Finance Ministers and Central Bank Governors with Heads of International Financial Institutions were also held on the same day, co-chaired by Yang Berhormat Dato Seri Setia Dr. Awang Haji Mohd Amin Liew bin Abdullah, Minister at the Prime Minister's Office and Minister of Finance and Economy II and Yang Mulia Dayang Hajah Rokiah binti Haji Badar. 

7.       The 7th AFMGM discussed the progress and development of various working groups under the Roadmap for Monetary and Financial Integration of ASEAN (RIA-Fin) and the progress of the ASEAN Sustainable Finance Cooperation. 

8.       The Special Session exchanged views with the Asian Infrastructure Investment Bank (AIIB); Asian Development Bank (ADB); the International Monetary Fund (IMF); the World Bank and ASEAN+3 Macroeconomic Research Office (AMRO) on regional and global outlooks as well as, efforts towards inclusive, digitally enabled and sustainable recovery. 

9.       The Joint Statement of the 7th AFMGM, which was adopted by Finance Ministers and Central Bank Governors can be downloaded from the ASEAN Secretariat website. 

 

Autoriti Monetari Brunei Darussalam

Ref:                  AMBD/COMMS/3

Date:                18 Syaaban 1442 /  1 April 2021

Download Malay version here

Download English version here

  


PRESS RELEASE

AMBD ALERT LIST HAS BEEN UPDATED

 

1.         Autoriti Monetari Brunei Darussalam (AMBD) would like to inform members of the public that the AMBD Alert List has been updated. 

2.       The AMBD Alert List is a list of individuals, companies and websites which are neither authorised nor approved under the relevant laws and regulations administered by AMBD or whose activities raise a suspicion of illegal financial activity. This list is without prejudice to any further assessment by AMBD regarding the activities of the companies concerned. 

3.       AMBD would also like to inform the public the individuals, companies or entities that have been included in the Alert List for the month of March 2021 are as follow: 

  1. BBMA FMS Forex Class
  2. Benefit Access
  3. Billah Finance Organisation
  4. GCG Asia
  5. Global Star Pinjaman Wang Berlesen
  6. Loan Settlement (7264454)
  7. Pg Shah Loan BN (FB Profile)
  8. Rejeki BN / Dhi Protein (FB Profile – 8320568)
  9. Mati Lah Nak (FB Profile)
  10. Nasri (8980358) 

4.       To access the Alert List, as well as the list of persons and institutions licensed by AMBD, members of the public may visit here.

5.       AMBD would like to remind the public to not deal with any entities or individuals carrying out or offering unlicensed financial services or may be perceived as get-rich-quick schemes or pyramid schemes. Among the products and services that must be licensed by AMBD includes money changer, money remittance and money lenders. For any involvement in dealing with an unlicensed or unregulated company or individual, members of the public may not have the protection afforded under the regulatory framework administered by AMBD.

6.       AMBD remains committed to the financial stability of Brunei Darussalam and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. AMBD will also continue to actively monitor any suspicious or unlicensed financial activities in Brunei Darussalam. If the public have any information on unlicensed financial activities, please contact AMBD at 2380007 or email us at 

 

Autoriti Monetari Brunei Darussalam

Date:                 24 Syaaban 1442H / 7 April 2021M

Reference:        AMBD/COMMS/3

Download Malay version here

Download English version  here

  


Press Release

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS


Bandar Seri Begawan, Brunei Darussalam (April 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 21st issuance of AMBD I-Bills.

The total of the sukuk issuance was BND30 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
021
01 April 202115 April 202114 Days0.1000%


With this issuance, AMBD thus far issued BND552 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 1st April 2021 stood at BND42 million.

Download Successful Issuance of AMBD Islamic Bills 21st Series

  


PRESS RELEASE

NOTICE FOR THE ESTABLISHMENT OF A

COMPLAINTS HANDLING FUNCTION WITHIN FINANCIAL INSTITUTIONS

 

1.         Autoriti Monetari Brunei Darussalam (AMBD) has issued Notice No. FCI/N1/2021/1: Notice for The Establishment of A Complaints Handling Function within Financial Institutions, effective 1 July 2021. This Notice supersedes Notice No. FCIU/N1/2017/1 – Amendment No. 1.

2.       This Notice is issued as part of AMBD's continuous effort to strengthen financial consumer protection, taking into account current developments in financial products and services. With this Notice, banks and financial institutions are required to further improve their existing redress mechanism to address financial consumer complaints effectively. 

3.       This Notice will provide greater clarity on the requirements of financial institutions in providing customers with the means to resolving complaints on financial transactions, and/or the banks' and financial institutions' practices and services. This includes enhancements to their complaints handling policies and procedures, record keeping and reporting. Greater emphasis is made for banks' and financial institutions' staff to be competent, and for complaints received to be used as feedback for improving banks' and financial institutions' quality of products, services and operations. 

4.       For any inquiries or further information, members of the public may contact AMBD at 2388388, or email info@ambd.gov.bn.


Autoriti Monetari Brunei Darussalam

Ref:                         AMBD/COMMS/3

Date:                      11 Syaaban 1442H / 25 March 2021M

Download Malay version here

Download English version here

  


PRESS RELEASE

NOTICE ON MARKET CONDUCT

 

1.         Autoriti Monetari Brunei Darussalam (AMBD) has issued Notice No. FCI/N2/2021/1: Notice on Market Conduct, which will take effect on 1 July 2021. This Notice supersedes Notice No. FCIU/N2/2017/1. 

2.       This Notice enhances the requirements of financial institutions in ensuring disclosure and transparency of information, and fair treatment of financial customers. With this Notice, banks and financial institutions are also required to ensure proper and adequate training for their front-line staff. Further, this Notice encompasses protection for financial customers relating to digital financial products and services, including protection of customer data and information. 

3.       This Notice is part of AMBD's continuous effort to strengthen financial customer protection by promoting better understanding of the products and services offered by banks and financial institutions in the country. This will help customers make informed financial decisions and in turn, increase their trust and confidence in dealing with banks and financial institutions. 

4.       For any inquiries or further information, members of the public may contact AMBD at 2388388, or email info@ambd.gov.bn.

 Autoriti Monetari Brunei Darussalam

Ref:                         AMBD/COMMS/3

Date:                      11 Syaaban 1442H / 25 March 2021M

Download Malay version here

Download English versionhere

  

MEDIA RELEASE

15 March 2021

 

ASEAN Capital Markets Forum rolls out its new 5-year Action Plan and welcomes the progress on the ASEAN Sustainable Finance Taxonomy.

 

The ASEAN Capital Markets Forum (ACMF) endorsed the ACMF Action Plan 2021-2025 ("Action Plan") during its 34th ACMF Chairs Meeting hosted virtually by Autoriti Monetari Brunei Darussalam. In realising the ACMF Vision 2025, the Action Plan sets out three strategic objectives namely (i) fostering growth and recovery with sustainability, (ii) promoting and sustaining inclusiveness; and (iii) strengthening and maintaining orderliness and resilience. The five key priorities that support the strategic objectives are: (i) driving higher levels of transparency and disclosure, (ii) continuing with regulatory harmonisation, (iii) intensifying capacity building, (iv) amplifying communication and awareness building; and (v) strengthening co-operation and co-ordination.

The Action Plan builds on ACMF Action Plan 2016 – 2020, and was developed with feedback from capital market participants and other stakeholders to ensure that the Action Plan is inclusive and relevant, particularly amid the new normal. The Action Plan will be presented to the ASEAN Finance Ministers at the ASEAN Finance Ministers Meeting to be held at the end of March 2021 for endorsement.

The ACMF discussed the progress of the six short-to-medium term focus areas identified in the Roadmap for ASEAN Sustainable Capital Markets. To complement these development efforts in sustainable finance, ACMF continues to emphasize the importance of capacity building. The ACMF welcomed the collaboration with the Asian Development Bank (ADB) through its technical assistance including the plan to introduce an online training programme for ASEAN capital market regulators within the year. These initiatives and efforts reflect ACMF's commitment to foster sustainable development in the ASEAN region to mitigate risks associated with climate change. ACMF also thanked Sustainable Finance Institute Asia (SFIA) for its strong support for ACMF in pursuing sustainable finance initiatives.

The ACMF welcomed continued collaboration with the ASEAN Working Committee – Capital Market Development (WC-CMD) on transition standards, sustainability-linked bond standards and sustainability disclosures. The ACMF further commended the coordinated efforts made thus far with other ASEAN government bodies, banking regulators and insurance regulators under the WC-CMD, Senior Level Committee on ASEAN Financial Integration (SLC) and ASEAN Insurance Regulators' Meeting (AIRM) respectively on the ASEAN Sustainable Finance Taxonomy initiative.

The meeting noted continuing traction of ACMF's sustainable finance initiatives earlier launched, namely the ASEAN Green Bond Standards, ASEAN Social Bond Standards and ASEAN Sustainability Bond Standards. Since 2017 until the end of 2020, a total of US$8.35 billion bonds labelled under these ASEAN standards have been issued.  

As part of the initiatives to promote and strengthen the appeal of ASEAN asset classes and widen cross-border offering of ASEAN Collective Investment Schemes (ASEAN CIS), the meeting was pleased with the progress of Philippines' admission into the ASEAN CIS Framework. The First Supplemental Memorandum of Understanding (MoU) is in the final stage of preparation for the formal signing of the MoU, of which is expected to materialise and drive greater capital market connectivity in the ASEAN region by the second half of 2021.

The meeting also endorsed the 2021 ASEAN Corporate Governance Scorecard Assessment Implementation Plan, with domestic assessment by Domestic Ranking Bodies targeted to commence in early Q3 2021.  

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Note-to-Editors

About the ACMF

  • The ACMF is a high-level grouping of capital market regulators from all 10 ASEAN jurisdictions, namely Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam. The ACMF is currently chaired by Autoriti Monetari Brunei Darussalam. The next ACMF Chair will be Securities and Exchange Commission of Cambodia.
  • More information on the ACMF and its initiatives can be found at the ACMF website at www.theacmf.org.

 

For media queries, please contact:

Autoriti Monetari Brunei Darussalam

Members of the Media may contact Faadzilah Abu Bakar at faadzilah.bakar@ambd.gov.bn or Maz Khairunnisa Mohidin at khairunnisa.mohidin@ambd.gov.bn or call us at +673 2380053.


Download PDF version AMBD-Press-Release-34th-ACMF-Chairs-Meeting

  


Press Release

SUCCESSFUL ISSUANCE OF AMBD ISLAMIC BILLS

Bandar Seri Begawan, Brunei Darussalam (March 2021) - The Autoriti Monetari Brunei Darussalam (AMBD), is pleased to announce the successful pricing of its 20th issuance of AMBD I-Bills.

The total of the sukuk issuance was BND12 million with the following details:

SeriesIssuance DateMaturity DateTenorRate
020
25 March 202108 April 202114 Days0.1200%


With this issuance, AMBD thus far issued BND522 million worth of short-term AMBD I-Bills since the maiden offering on 22nd October 2020, and the total holdings of the AMBD I-Bills outstanding as at 25th March 2021 stood at BND32 million.

Download Successful Issuance of AMBD Islamic Bills 20th Series

  


PRESS RELEASE

BRUNEI DARUSSALAM RANKED 11th

IN ISLAMIC FINANCE DEVELOPMENT INDICATORS 2020

  

  1. The global Islamic Finance industry has continued to grow despite some challenges. As reported in the ICD-Refinitiv Islamic Finance Development Report 2020: Progressing Through Adversity, Brunei Darussalam ranked 11th in terms of overall development in Islamic finance industry out of 135 countries being assessed. The report revealed that based on 2019 data, Brunei Darussalam achieved 36 points in the Islamic Finance Development Indicator (IFDI), whilst the global average indicator value was 10.8.
  2. The report indicated that the global Islamic finance industry has grown by 14.4% year-on-year amounting to US$ 2.9 trillion in assets in 2019. The report forecasted potential for the industry to grow further to US$3.7 trillion in assets by 2024. In terms of total global Islamic Finance Assets, Islamic banking dominated Islamic Finance Asset Distribution with 69% share in 2019; followed by Sukuk at 19%; other Islamic financial institutions (OIFI) at 5%; Islamic funds at 5%; and Takaful at 2%.
  3. The IFDI provides rankings and profiles for different Islamic finance markets around the world, with instrumental factors in five broad areas of development as the main indicators. These include Quantitative Development (Islamic Banking, Takaful, OIFI, Sukuk and Islamic Funds); Knowledge (Education and Research), Governance (Regulations, Syariah Governance and Corporate Governance); Corporate Social Responsibility (CSR Activities and CSR Funds Disbursal); and Awareness (Seminars, News and Conferences). Malaysia, Indonesia and Bahrain came as the top three Islamic finance markets in overall development.
  4. In 2019, Brunei Darussalam attained top place in terms of Takaful assets to Gross Domestic Product (GDP) at 1.12%, the highest amongst all countries. Brunei Darussalam also achieved fourth place with 57% share of Islamic banking to total banking assets.
  5. In terms of other assets growth, Brunei Darussalam has also been recognised as the fastest growing market in Sukuk assets in 2019 and was one of the top 10 countries in OIFI assets, with value of about US $2 billion.

 

Autoriti Monetari Brunei Darussalam

Date:         5 Syaaban 1442 / 19 March 2021

Ref:          AMBD/COMMS/3

Download Malay version AMBD Siaran Akhbar - Islamic Finance Development Indicators (IFDI) 2020

Download English version AMBD Press Release - Islamic Finance Development Indicators (IFDI) 2020

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