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

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

  


Autoriti Monetari Brunei Darussalam (AMBD) is pleased to invite suitably qualified candidates to apply for the following positions:

General requirements:

  • Applicants for the positions must be citizens of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam;
  • Possess strong communication and analytical skills;
  • Possess good organisational and planning skills with high capability in report writing; and
  • Be fluent in oral and written Malay and English and is IT literate.

1.         SENIOR MANAGER [M3]

LEGAL AFFAIRS

To provide legal advice, guidance and support to the assigned functions within AMBD and to ensure assigned function's exposure to legal risks are managed.

MAIN RESPONSIBILITIES:

  • To advise and offer counsel to assigned functions in AMBD on legal issues;
  • To work closely with other internal functions in support of their core functions;
  • To manage various projects and deadlines;
  • To negotiate, write, and execute agreements, Memorandums of Understanding (MoUs) and contracts;
  • To draft, review and advise on current and any future laws under AMBD's purview;
  • To ensure legal objectives are met in a timely manner;
  • To review other documentations to ensure compliance with legal requirements;
  • To develop solutions to complex legal questions;
  • To oversee and manage a team of highly motivated counsels/managers on regulatory and other related matters; and
  • To provide supervision to external lawyers hired to assist the organisation with their specialised legal services.

MINIMUM REQUIREMENTS:

  • Possess good degree qualification in LLB (Hons) Law or equivalent from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possess Barrister Professional Training Course (BPTC) or its equivalent;
  • Having a Masters in Law (LLM) qualification will be an advantage;
  • Having at least 8 years of work experience in the related field, including managing and overseeing the work of a team of counsels; and
  • Possess an immense veracity, extensive understanding on a wide range of legal issues encompassing finance, employment and corporate governance amongst others.

2.         MANAGER/MANAGER TRAINEE [M4]

FINANCIAL DEVELOPMENT

To assist AMBD's Financial Development function towards supporting the development and promotion of Brunei Darussalam's financial sector.

MAIN RESPONSIBILITIES:

  • To perform research on financial development related matters including, but not limited to, Islamic finance;
  • To assist in producing reports on the development of the financial sector;
  • To regularly maintain and update the Brunei Darussalam Islamic Finance (BDIF) portal;
  • To assist in financial sector promotions including awareness initiatives with the relevant agencies;
  • To act as the front liner for prospective market entrants, and liaison to the Regulatory and Supervision Department; and
  • To undertake any other duties as assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Finance, International Relations, Economics or any other relevant majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam; and
  • Having work experience in financial sector development and/or promotions will be an advantage.

 

3.       MANAGER/MANAGER TRAINEE [M4]

FINANCIAL INTELLIGENCE UNIT (INFORMATION TECHNOLOGY)

To plan and coordinate tasks and activities towards providing effective IT support and services within the Financial Intelligence Unit (FIU).

MAIN RESPONSIBILITIES:

  • To manage any updates and customisation of web application and client application in accordance to the functions' requirements and/or as recommended by system vendor;
  • To liaise with system vendor on matters relating to system application;
  • To prepare and review work procedures relating to system application;
  • To conduct data clean-up;
  • To conduct research and recommend new IT technologies to improve the function's work processes; and
  • To undertake any matters relating to the function's IT needs including proposing new software or upgrading of current software, hardware and systems security.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Information Technology or any other relevant majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having any IT and/or Project Management Professional (PMP) qualifications/certifications will be an advantage; and
  • Having work experience in IT-related and/or project management-related fields will be an advantage.

     

4.       MANAGER/MANAGER TRAINEE [M4]

FINANCIAL INTELLIGENCE UNIT (SUPERVISION)

To monitor and supervise financial institutions (FIs) and Designated Non-Financial Businesses and Professions (DNFBPs) to ensure compliance to Anti-Money Laundering/ Combating the Financing of Terrorism (AML/CFT) requirements.

MAIN RESPONSIBILITIES:

  • To monitor compliance of FIs and DNFBPs to relevant AML/CFT laws and FATF Recommendations;
  • To plan and conduct offsite and onsite examinations for AML/CFT supervision on FIs and DNFBPs;
  • To prepare examination reports on FIs and DNFBPs;
  • To conduct outreach and training to FIs and DNFBPs; and
  • To liaise and coordinate with other functions within AMBD on matters related to AML/CFT supervision.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in relevant majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam; and
  • Having any professional qualifications/certifications in the related field will be an advantage.  

5.         MANAGER/MANAGER TRAINEE [M4]

HUMAN RESOURCE SERVICES

To maintain and promote employee relations amongst AMBD officers and staff.

MAIN RESPONSIBILITIES:

  • To support the development and implementation of human resource initiatives, policies, procedures, and systems;
  • To support the management of AMBD officers and staff welfare;
  • To be involved in the recruitment process, including managing the hiring process and implementing onboarding initiatives;
  • To support the management of disciplinary and grievance issues; and
  • To undertake any other tasks as assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Human Resource Management, Business Administration or any relevant majors from universities or institutions accredited by Ministry of Education, Brunei Darussalam;
  • Having HR professional certifications/qualifications such as CIPD, CIHRM, AHRI, etc., will be an advantage; and
  • Having relevant work experience will be an advantage.

6.         MANAGER/MANAGER TRAINEE [M4]

INFORMATION TECHNOLOGY SERVICES

To provide IT maintenance, support and operations as part of the IT Infrastructure function.

MAIN RESPONSIBILITIES:

  • To implement the function's strategic plan;
  • To provide maintenance, support and run daily operations including disaster recovery and business continuity on AMBD IT Infrastructure and IT related facilities;
  • To maintain, develop, implement and ensure compliance on IT policies;
  • To do research and design for innovative IT improvements; and
  • To undertake any other tasks as assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good bachelor degree qualification with Honors in Information Technology or any other related majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having IT related/project management certifications/qualifications or undergone any related courses will be an advantage; and
  • Having work experience in the field of IT will be an advantage.
      

7.         MANAGER/MANAGER TRAINEE [M4]

LEGAL AFFAIRS

To provide sound legal advice to the assigned functions in AMBD and to ensure effective management of overall legal risk.

MAIN RESPONSIBILITIES:

  • To prepare and review legal documentations including, but not limited to, contracts and Memorandums of Understanding (MoUs);
  • To provide comprehensive legal opinion on complex legal matters through extensive legal research within the stipulated timeline;
  • To have familiarity with all laws under AMBD's purview;
  • To draft and review other legal instruments e.g. Notices, Directions, Guidelines, etc., with other functions within AMBD; and
  • To represent Legal Affairs at various meetings, seminars and courses both locally and internationally.

MINIMUM REQUIREMENTS:

  • Possess good degree qualification in Law (LLB) from universities and institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possess Barrister Professional Training Course (BPTC) or its equivalent;
  • Having a Master in Law (LLM) qualification will be an advantage; and
  • Having relevant work experience will be an advantage.


8.         MANAGER/MANAGER TRAINEE [M4]

PROJECT MANAGEMENT OFFICE

To be primarily responsible for ensuring the smooth implementation of projects in AMBD, coordinating with different project stakeholders to ensure projects are in accordance with approved budget, project deliverables and its timeline. Additionally, will be responsible in establishing a project management framework following project management standards that are aligned to best practices and meets AMBD's strategic goals.

MAIN RESPONSIBILITIES:

  • To develop relevant policies and/or guidelines on project management;
  • To establish standardised procedures and processes to ensure project governance and controls are in place, and to provide recommendations for improvement where necessary;
  • To provide project template for submission of new projects and monitoring of project implementation to ensure projects are managed effectively within its scope, timeline and budget;
  • To act as the Secretariat to the Project Steering Committee;
  • To ensure all project initiations are supported with a sound business case and receives authorisation from the relevant stakeholders; and
  • To establish procedures and controls to ensure effective monitoring and reporting of projects to ensure the projects are in accordance with approved budget, project deliverables and its timeline.

MINIMUM REQUIREMENTS:

  • Possess a good degree qualification with Honors in Business Management or other related majors from universities and institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having professional certifications/qualifications such as Project Management Professional (PMP) or PRINCE II will be an advantage; and
  • Having work experience in project management related field and/or having experience with project management software is an advantage.

9.         MANAGER/MANAGER TRAINEE [M4]

TECHNOLOGY RISK SUPERVISION

To regulate and supervise technology risk and cybersecurity management of financial institutions in Brunei Darussalam and assist in developing necessary regulations and policies.

MAIN RESPONSIBILITIES:

  • To assess licensees' compliance with AMBD's technology risk management requirements and licensees' maturity level in managing technology risk and cybersecurity through onsite examinations, offsite reviews and ongoing supervisions;
  • To prepare risk based onsite examination reports for financial institutions and AMBD including recommendations based on international standards and industry best practices;
  • To assist other functions in the assessment of new products and services proposed by the licensees that involve the use of technology;
  • To monitor IT and cybersecurity incidents on the financial institutions through incident reports submitted by the licensees and cybersecurity intelligence platform;
  • To assist in the formulation and review of AMBD technology-related regulations and policies for the financial institutions;
  • To conduct meetings and outreach programs with stakeholders such as industry meetings, cyber exercises and public awareness initiatives; and
  • To perform other tasks as assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess a Bachelor Degree qualification with Honors in Information Technology, Information Security, Accounting, Risk Management or any other relevant majors from universities and institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having professional certifications/qualifications such as Certified Information System Auditor (CISA) or Certified Risk and Information System Control (CRISC) will be an advantage;
  • Having work experience in information security management, IT audit and/or risk management will be an advantage.

     

10.   ASSISTANT OFFICER

ACCOUNTS AND FINANCE

To assist manager in performing finance activities of AMBD.

MAIN RESPONSIBILITIES:

  • To prepare payment vouchers and Letter of Instructions to respective banks for CIC payments;
  • To perform reconciliation of stock movement against CIC for confirmation of Issuance Expenses;
  • To be responsible for verification of GL postings in IFMS for CIC related transactions;
  • To be responsible for verification of CIC Issued in Exchange;
  • To prepare bank reconciliations in IFMS system on created Journal Voucher/Voucher ID in IFMS with the bank statements; and
  • To be responsible for monthly closing:
       (a) To ensure timely closing of monthly CIC data; and
       (b) To prepare of data for external audit.

MINIMUM REQUIREMENTS:

  • Possess good Higher National Diploma/ Advanced Diploma qualification in Finance, Accounting or in any other related majors, from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having Certified Accounting Technician (CAT) qualification will be an advantage; and
  • Minimum relevant 3 years of work experience is preferred.

 

11.   ADMINISTRATIVE ASSISTANT GRADE 3

ACCOUNTS AND FINANCE

To provide administrative support to AMBD's Procurement function and Accounts and Finance function.

MAIN RESPONSIBILITIES:

Requisition

  • To prepare purchase requisitions; and
  • To process purchase requisitions within purchasing authority.

Purchase Order

  • To prepare accurate and complete purchase orders;
  • To monitor and maintain computerised records related to purchasing activities including quantities, shipping information, and costs associated with the purchase;
  • To provide purchasing records to supervisors to aid in budget and financial management or maintain purchasing files to support future activities; and
  • To monitor status of orders or contracts.

Suppliers' Record

  • To maintain database of suppliers' record.

Others

  • To complete other tasks as assigned from time to time.

 

MINIMUM REQUIREMENTS:

  • Possess a minimum of 4 GCE 'O' Level credits with a credit in Malay language;
  • Having good GCE 'A' Level qualifications and/or a National Diploma is an advantage;
  • Minimum 3 years of work experience in the related field is preferred; and
  • Possess good mathematical skills.

 

12.   ADMINISTRATIVE ASSISTANT GRADE 3

CURRENCY MANAGEMENT

To assist in the issuance and redemption of the circulation notes and coins to and from the banks as well as the management of AMBD's coin deposit machine.

MAIN RESPONSIBILITIES:

Currency Operations (Notes and Coins Management)

  • To process the sales and redemption of the coins;
  • To assist in handling of the redemption and issuance of circulation notes and coins;
  • To assist in coins deposit matters;
  • To assist in the receiving and repatriation of the currency consignment; and
  • To assist in verifying the physical stock and stock ledger of the notes and coins are correct.

Coin Deposit Machine (CDM)

  • To assist in management of Coins Deposit Machine; and
  • To process the coins received from the CDM.

Data Collection

  • Responsible for monthly/ quarterly/ yearly data on issuance and redemption of circulation coins and coins received from the CDM.

Others

  • To assist in the currency destruction and currency disposal; and
  • To assist in the handling and filing of the related paper works and any relevant documentation.

MINIMUM REQUIREMENTS:

  • Possess a minimum of 4 GCE 'O' Level credits with a credit in Malay language;
  • Having good GCE 'A' Level qualifications and/or a National Diploma is an advantage; and
  • Minimum 3 years of work experience in the related field is preferred.

 

13.   ASSISTANT OFFICER (CONTRACT-BASED)

CAPITAL MARKET

To be part of the supervision team within AMBD's Capital Market function.


MAIN RESPONSIBILTIES:

Licensing and Supervision of Market Intermediaries

  • To assist Managers in the licensing and supervision of market intermediaries;
  • To assist Managers in processing applications for exemption of foreign licensed entities; and
  • To issue receipts for payments received, where necessary.
Compilation of Statistics
  • To compile data required from licence holders on a monthly basis for Manager's analysis;
  • To monitor licence holders' compliance to reporting requirements;
  •  To assist in preparing reports based on the analysis of reported data;
  • To assist in providing capital market statistics to requesting parties, if required; and
  • To update the trackers, registers and profile of licence holders, securities and exempted persons
Others
  • To complete other tasks as assigned from time to time.

 

MINIMUM REQUIREMENTS:

  • Possess good Higher National Diploma qualification in Accounting, Finance, Business or any other relevant majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Having any professional qualifications in Finance or Islamic Finance will be an advantage;
  • Having competency in other database software will be an advantage; and
  • Having relevant work experience will be an advantage.

 

14.   ASSISTANT OFFICER (CONTRACT-BASED)

CORPORATE COMMUNICATIONS

To be a part of the team in shaping AMBD's identity and culture, through the planning and designing of various communications materials.

 

MAIN RESPONSIBILITIES:

  • To maintain the brand, look and feel of AMBD's communications by designing AMBD's communications materials;
  • To assist in planning and execution of various internal communications campaigns;
  • To communicate with the public through AMBD's website, emails, hotline and social media accounts;
  • To monitor daily media for news/comments/queries relating to AMBD and its functions; and
  • To assist in other matters and tasks as assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess good Higher National Diploma qualification in Multimedia, Creative Design, or any other relevant majors from universities or institutions accredited by the Ministry of Education, Brunei Darussalam; and
  • Having work experience in relevant field will be an advantage.

 

15.   ADMINISTRATIVE ASSISTANT GRADE 3 (CONTRACT-BASED)

FINANCIAL CONSUMER ISSUES

To provide support to the daily operational tasks of AMBD's Financial Consumer Issues (FCI) function.

MAIN RESPONSIBILITIES:

  • To carry out administrative and clerical tasks such as filing, photocopying, binding, scanning, etc.,;
  • To organise and schedule meetings and appointments;
  • To maintain filing system;
  • To provide assistance during financial awareness programmes;
  • To assist in compiling data received from financial institutions;
  • To enter data obtained from surveys conducted by FCI; and
  • To undertake any tasks as assigned from time to time.

MINIIMUM REQUIREMENTS:
  • Possesses a minimum of 4 GCE 'O' Level credits with a credit in Malay language;
  • Having good GCE 'A' Level qualifications and/or a National Diploma will be an advantage; and
  • Having relevant work experience will be an advantage.

 

Interested applicants are required to submit applications online through the Online Job Application Form (No physical submissions or submissions sent via email will be entertained) and the following items:- 1) Application form; 2) a full resume; 3) a recent passport-sized photograph; 4) a copy of your IC; and 5) copies of relevant academic certificates.

Applications should be received by AMBD not later than 11.30 a.m. on Friday, 29th November 2019.

For any enquiries, please contact us at 

ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED


  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (November 2019) - 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 175th issuance of short-term Sukuk Al-Ijarah securities.

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

SeriesIssuance DateMaturity DateTenorRental Rate
175
07 November 201906 February 2020
91 Days1.4375 %

 

With this issuance, the Brunei Government has thus far issued over BND13.31 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 7th November 2019 stood at BND 341.1 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 175th Series


  


PRESS RELEASE

MEMORANDUM OF UNDERSTANDING BETWEEN
THE FINANCIAL INTELLIGENCE UNIT, AUTORITI MONETARI BRUNEI DARUSSALAM AND
THE ANTI-MONEY LAUNDERING COUNCIL, THE FINANCIAL INTELLIGENCE UNIT OF THE REPUBLIC OF THE PHILIPPINES

 

  1. The Financial Intelligence Unit, Autoriti Monetari Brunei Darussalam (FIU, AMBD) recently signed a Memorandum of Understanding (MOU) with the Anti-Money Laundering Council, the Financial Intelligence Unit of The Republic of the Philippines (AMLC), today, 16 Rabiulawal 1441 corresponding to 13 November 2019, on the margins of the Counter-terrorism Summit held in Manila, The Philippines.
     
  2. Under the MOU, both agencies agree to cooperate in the exchange of financial intelligence that may assist in the investigation and prosecution of persons suspected of money laundering and terrorism financing. This marks the strong commitment of both agencies in the global fight against money laundering and terrorism financing.
     
  3. The MOU with AMLC is the eighth that the FIU, AMBD has signed. Current MOUs include those signed with the Financial Intelligence Units of Malaysia, Indonesia, South Korea, Bangladesh, Cambodia, Singapore, and Laos.
     
  4. The signing of MOUs with other Financial Intelligence Units is in line with the Principles of Information Exchange of the Egmont Group, the global organisation of international Financial Intelligence Units.
     
  5. In addition, the signing of MOUs is an important step towards complying with international standards on anti-money laundering and combating the financing of terrorism, in particular the Financial Action Task Force Recommendation 29.
     
  6. FIU, AMBD and AMLC are the central agencies in Brunei Darussalam and The Philippines respectively for receiving, requesting, analysing, and disseminating disclosures of suspicious transaction reports and other information related to money laundering and terrorism financing.
     

    Autoriti Monetari Brunei Darussalam

    Date: 16 Rabiulawal 1441/ 13 November 2019
    Ref No: AMBD/COMMS/3

Download Malay version AMBD Siaran Akhbar - MOU AMLC
Download English version AMBD Press Release - MOU AMLC


  

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 FMB_Butik has been included in the Alert List for the month of October 2019.

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

5.            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:                     9 Rabiulawal 1441H /  6 November 2019M
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 (October 2019) - 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 174th issuance of short-term Sukuk Al-Ijarah securities.

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

SeriesIssuance DateMaturity DateTenorRental Rate
174
10 October 201909 January 2020
91 Days1.3750 %

 

With this issuance, the Brunei Government has thus far issued over BND13.21 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 10th October 2019 stood at BND 341.1 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 174th Series

  


PRESS RELEASE

APPOINTMENT OF SENIOR OFFICERS

AUTORITI MONETARI BRUNEI DARUSSALAM

 

By command of His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam, in accordance with Sections 13 and 14 of the Autoriti Monetari Brunei Darussalam (AMBD) Order 2010, it is hereby announced that His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to the appointments of the following officers, as follows:


1.  Yang Mulia Dayang Hajah Rokiah binti Haji Badar

Senior Special Duties Officer also as Acting Director Human Resource Development and Corporate Affairs at the Ministry of Finance and Economy

is appointed as Member of AMBD Board of Directors
and Managing Director, AMBD;


2.  Yang Mulia Dayang Hajah Rashidah binti Haji Sabtu


Assistant Managing Director (Regulatory and Supervision) and Acting Deputy Managing Director (Regulatory and Supervision)

is appointed and confirmed as Deputy Managing Director (Regulatory and Supervision);

and
 

3. Yang Mulia Dayang Hajah Noorrafidah binti Sulaiman

Senior Manager, Bandtree Sdn Bhd currently seconded to Perbadanan Tabung Amanah Islam Brunei (TAIB) as Acting Managing Director TAIB

is appointed as  Deputy Managing Director AMBD (Monetary Operations / Development and International)
 

The date of appointment of the said officers are effective from Saturday, 6 Safar 1441H  corresponding to 5 October 2019.



  


PRESS RELEASE

UNLICENSED MONEYLENDERS

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) has observed an increase in individuals actively targeting customers of financial institutions with existing loans, and offering to settle these loans in exchange for an excessive "service fee". These offers are made on social media platforms such as Facebook and Instagram, or through text messages.

  2. AMBD would like to remind the public that any persons carrying the business of a moneylender is required to be licensed under the Moneylenders Act, Cap.62. Currently, there are no persons that have been licensed under the Act. It is an offence under section 8 (1) Moneylenders Act to carry on the business of a moneylender without a license, and if found guilty an accused shall be liable on conviction to a fine and imprisonment for 18 months.

  3. Members of the public should be wary when dealing with persons who offer to settle existing loans, and be aware of the risks associated with these services or similar services. It may solve financial problems in the short term, but may result in greater financial losses in the long run.

  4. Members of the public that wish to obtain loans/financing are advised to approach licensed financial institutions such as banks and finance companies. If a consumer chooses to deal with persons that are not licensed and regulated by AMBD, he or she will not have the protection afforded under the regulatory framework administered by AMBD.

  5. Furthermore, AMBD, in collaboration with other relevant enforcement authorities, will continue to monitor any illegal financial activities including suspected unlicensed moneylenders. AMBD will not hesitate to take further action where appropriate. 

  6. The public may also obtain the list of persons/institutions licensed by AMBD through the AMBD App, which can be downloaded free of charge on both 'App Store' for iPhone users and 'Google Playstore' for Android users; or visit AMBD's website at

  7. 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 can also be found in the AMBD Alert List. This Alert List will be updated from time to time and can be found on our website.

  8. AMBD remains committed to the financial stability of Brunei Darussalam, and to safeguarding Brunei Darussalam's financial system and the interests of financial consumers. For further enquiries and information, members of the public may contact AMBD at 2388388 or email 


Autoriti Monetari Brunei Darussalam
Date:             8 Safar 1441H / 7 October 2019M
Reference:         AMBD/COMMS/3


Download Malay version here

Download English version here

  


MEDIA RELEASE
Phuket, Thailand - 2 October 2019

 

ASEAN Capital Markets Regulators Reiterate Strong Path towards Sustainable Capital Markets and Reaffirm Direction to Promote Sustainability, Connectivity and Resilience in the Regional Capital Markets

The 31st ASEAN Capital Markets Forum (ACMF) Meeting today in Phuket discussed the progress of ACMF initiatives on sustainability, connectivity and resilience. The initiative on developing a Roadmap for ASEAN Sustainable Capital Markets (Roadmap) was endorsed by the ASEAN Finance Ministers' and Central Bank Governors' Meeting (AFMGM) in April 2019. The Roadmap promotes a common vision and comprehensive direction towards an ecosystem for sustainable capital market development, as well as an ASEAN asset class for sustainable investment. The members agreed that the Roadmap should address key areas, such as ESG information/disclosure standards, analytical tools, and stakeholder awareness and engagement.

The ACMF also welcomed feedback from institutional investors during the meeting, through the ACMF Industry Consultative Panels, and gathered comments on and recommendations for the Roadmap. A representative from the United Nations Development Programme (UNDP) also shared insights on the Guiding Principles on Business and Human Rights (Principles). The Principles cover a key aspect of ESG responsibility/investment and echo the United Nations' Sustainable Development Goals (SDGs). The Roadmap, industry consultation and sharing on the Principles demonstrate the ACMF's commitment to advance the sustainability agenda in the regional capital markets. In addition, the ACMF also noted that in less than two years following the launch of the ASEAN Green Bond Standards in November 2017, and the ASEAN Social Bond Standards and ASEAN Sustainable Bond Standards in October 2018, there have been issuances of green and sustainable bonds totaling US$2.6 billion from the region carrying the ASEAN Green or Sustainable Bond labels.

The issuances, which originated from Malaysia, the Philippines, Singapore and Thailand to fund green buildings, renewable energy and other sustainable projects, demonstrate the growing interest in sustainable finance by issuers and intermediaries throughout the region to finance development projects.  This encouraging progress is a validation of the ACMF's efforts to promote the sustainable finance agenda in the broader capital market through the Roadmap for ASEAN Sustainable Capital Markets.

On connectivity, the ACMF implemented the Professional Mobility Initiative to facilitate cross-border publication of research reports. The objective of this framework is to promote wider investor participation in the ASEAN capital markets through better flow of information on ASEAN capital market products, including bonds, collective investment schemes, sukuk and securities listed in ASEAN. The current signatories comprise Malaysia, the Philippines, Singapore and Thailand.

The ACMF agreed in March 2019 to establish a Digital Asset Oversight Network (Network) to promote information sharing amongst regulators in light of the rapid development of digital assets in the capital markets sphere. The ACMF has started working together by sharing practices on investor education and educational materials. In the longer term, the Network expects to share alert lists and scams, as well as updates on digital asset regulatory regimes and developments among the ACMF members.

The ACMF made further progress in driving cross-border offerings of funds within the region by completing the assessment on the Philippines' regulatory regime for joining the ASEAN Collective Investment Scheme (ASEAN CIS) framework.

The meeting was also updated on the current ASEAN CG Scorecard assessment. The participating countries have been undertaking the domestic assessments and peer reviews. The assessment result is planned to be officially announced by the first half of 2020.

In respect to joint initiatives between the ACMF and Working Committee on Capital Market Development (WC-CMD) on infrastructure financing, the meeting agreed to take forward discussions on a common taxonomy on infrastructure company classification and principles for standardisation of project finance loan documents.  

The Securities and Exchange Commission, Thailand, handed over the ACMF Chairmanship to the State Securities Commission of Vietnam for the year 2020, with Autoriti Monetari Brunei Darussalam as Vice-Chair.

The ACMF members reaffirmed their commitment to deepen connectivity amongst ASEAN capital markets and to further promote ASEAN asset classes.

 

-END-


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, the Philippines, Singapore, Thailand and Viet Nam. The ACMF is currently chaired by the Securities and Exchange Commission, Thailand.

More information on the ACMF and its initiatives can be found at the ACMF website at www.theacmf.org.


For media queries, please contact:

Securities and Exchange Commission, Thailand

  1. Ms. Julawadee Worasakyothin
    Director of Strategy and International Affairs Department
    Email:  julawade@sec.or.th
    Mobile: + 66-2263-6202

  2. Ms. Jittikarn Wongkampoo
    Assistant Director of Strategy and International Affairs Department
    Email: jittikar@sec.or.th
    Mobile: + 66-2033-9671

Download here

  


PRESS RELEASE

WARNING ON UNREGULATED ENTITY "LITEFINANCE BRUNEI"

 

  1. It has come to Autoriti Monetari Brunei Darussalam (AMBD)'s attention that an event "Seminar Dagangan Forex Eksklusif Brunei 2019" or "Exclusive Seminar on Forex Business, Brunei 2019" is being organised by LiteFinance Brunei. With this, AMBD would like to inform the members of the public that LiteFinance Brunei and its related entities are not licensed in Brunei Darussalam to provide financial services.

  2. AMBD would like to remind the public to be careful when participating in any schemes or financial transactions. It is important to check the legitimacy of such individuals or entities as well as be aware of the inherent risks associated before agreeing into any financial transactions. If the entity is based outside of Brunei Darussalam, please check with the overseas authority if it is regulated. 

  3. AMBD would also like to advise the public to deal only with persons that are regulated by AMBD. Members of the public who choose to deal with unlicensed and unregulated persons offering financial services or products may not have the protection afforded under the regulatory framework administered by AMBD. AMBD's regulatory framework aims to safeguard the interests of investors by ensuring that only competent and qualified persons may provide financial services.

  4. The list of persons and institutions licensed by AMBD may be obtained through the AMBD App and the AMBD Alert List, which both can be downloaded free of charge on both 'App Store' for iPhone users and 'Google Playstore' for Android users; or visit AMBD's website at 

  5. 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 2388388 or email us at .

 

 

Autoriti Monetari Brunei Darussalam

Date:                     5 Safar 1441H / 4 October 2019M

Reference:         AMBD/COMMS/3


Download Malay version here

Download English versionhere

  


Autoriti Monetari Brunei Darussalam (AMBD) is pleased to invite suitably qualified applicants to apply for the following position:

General requirements:

  • Must be citizens of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam;
  • Strong communication and interpersonal skills;
  • Fluent in oral and written Malay and English and must be IT literate; and
  • Possess a driving licence of Class 3.

1. SURVEY INTERVIEWER (PART-TIME) – 15 PERSONS

MAIN RESPONSIBILITIES:

  • To carry out survey interviews on selected businesses from a range of sectors within Brunei Darussalam on a monthly basis, or when required;
  • To do data entry for the information gathered from the interviews into an electronic format; and
  • To perform other duties as may be assigned from time to time.

MINIMUM REQUIREMENTS:

  • Possess a good Higher National Diploma qualification or equivalent from institutions accredited by the Ministry of Education, Brunei Darussalam;
  • Possess good interpersonal and communication skills in both English and Malay;
  • Possess own transport and a valid driving licence; and
  • Prior relevant work experience may be an added advantage.

Interested applicants are to submit their applications online through the Online Job Application Form (no physical submissions nor email submissions will be entertained) with the following items:- 1) Completed application form; 2) Applicant's full resume; 3) A recent passport-sized photograph; 4) A copy of applicant's I.C. and driving licence; and 5) Copies of relevant academic certificates.

Applications should be received by AMBD not later than 12.00 noon on Tuesday, 15th October 2019.


For further information on the main responsibilities and minimum requirements, please visit the AMBD website at For any enquiries, please contact AMBD  at  


ONLY SHORTLISTED CANDIDATES WILL BE NOTIFIED




  


PRESS RELEASE
 GUIDELINES ON PRODUCT TRANSPARENCY AND DISCLOSURE (PTAD) FOR

ISLAMIC BANKS, BANKS AND FINANCE COMPANIES
TAKAFUL OPERATORS AND INSURANCE COMPANIES

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) has issued Guidelines on Product Transparency and Disclosure to financial institutions specifically for Islamic banks, banks, finance companies, takaful operators and insurance companies on Thursday, 5th Muharram 1441 corresponding to 5th September 2019. 

  2. Effective 1st January 2020, financial institutions are required to have a consistent and comprehensive product disclosure regime pertaining to the products and services that they offer. 

  3. Among the objectives of the Guidelines include:
    • To promote customers' awareness and understanding of products and services offered;
    • To facilitate consistency of disclosure of essential information on products and services, so as to enable comparison;
    • To avoid selling malpractices of products and services; and
    • To ensure that products and services sold are appropriate to the needs and resources of the customer. 

  4. A product disclosure sheet containing key information – including but not limited to product features, benefits and risks, fees and charges, and contractual rights and obligations – should also be provided to customers to facilitate them in making comparisons between products offered by different financial institutions. It is hoped that the information can enable their customers to make informed decisions.

  5. For any inquiries or further information, members of the public may contact AMBD at 2388388, or email

 

Autoriti Monetari Brunei Darussalam

Date: 18 Muharram 1441H / 18 September 2019M
Ref: AMBD/COMMS/3

Download Malay version here

Download English version here

  


PRESS RELEASE

BRUNEI DARUSSALAM'S RESIDENTIAL PROPERTY PRICE INDEX (RPPI)

FOR QUARTER 2, 2019 (Q2 2019)

 

1.       Autoriti Monetari Brunei Darussalam (AMBD) today published Brunei Darussalam's Residential Property Price Index (RPPI) for the second quarter of 2019. The index is compiled using data sourced from 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 Q2 2019, the RPPI was at 89.2, a decrease of 1.6% year-on-year compared to Q2 2018 and a decrease of 2.5% quarter-on-quarter compared to Q1 2019.

RPPI Q2 2019 Img 01.PNG

RPPI Q2 2019 Img 02.PNG

3.       Based on mortgage data obtained from banks, there were 122 transactions for residential properties in Q2 2019. The majority of these transactions were for detached houses (49.2%), followed by terrace houses (24.6%), semi-detached houses (19.7%), apartments (4.9%) and land (1.6%).
 4.       The median purchase price for all residential properties was BND260,000 in Q2 2019. The median purchase prices for specific types of properties were BND286,000 for detached houses, BND268,000 for semi-detached houses, BND198,000 for terrace houses, BND326,000 for apartments, and BND125,000 for land. The overall median purchase price of residential properties in Q2 2019 was the same as Q2 2018 but showed an increase of 6.1% quarter-on-quarter compared to Q1 2019.

5.       The published statistics and index should be treated as general information only and one should not rely solely upon these data to draw specific conclusions on a particular 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 statistics which can be obtained from the AMBD website at www.ambd.gov.bn and follow updates on RPPI through AMBD's Instagram account @autoriti_monetari.

  

Autoriti Monetari Brunei Darussalam

Date:             17 Muharram 1441 /17 September 2019
Ref:                 AMBD/COMMS/3

Download Malay version here

Download Englsih version here

  


PRESS RELEASE


THE SECURED TRANSACTIONS WORKSHOP:  BANKING ON YOUR BUSINESS ASSETS

Monday, 16 Muharram 1441 corresponding to 16 September 2019

Design & Technology (D&T) Building, Bandar Seri Begawan

&

Tuesday, 17 Muharram 1441 corresponding to 17 September 2019

Pusat Insani, Seria, Belait

 

  1. Autoriti Monetari Brunei Darussalam (AMBD) held two separate sessions of The Secured Transactions Workshop: Banking on Your Business Assets, on Monday, 16 Muharram 1441 corresponding to 16 September 2019, in The Design and Technology Building, Bandar Seri Begawan, and on Tuesday, 17 Muharram 1441 corresponding to 17 September 2019, in Pusat Insani, Seria.

  2. The half-day workshops, carrying the title of "Banking on Your Business Assets", were tailored specifically for the local business community, particularly the Small and Medium-sized Enterprises (SMEs).  Renowned international experts in the field of asset-based lending and commercial lending were brought in to share success stories and lessons learnt in implementing similar reforms in other jurisdictions, and to share the most relevant financing alternatives enabled by the Secured Transactions Order, 2016.  At the same time, the workshop also discussed the financing needs of SMEs involved in different sectors of the economy so that financial institutions and other industry players can collaboratively develop modern financing products that will be beneficial to all.

  3. Over 115 participants, representing different business industries across the economy ranging from food & beverage, construction, oil & gas sectors, attended the sessions.

  4. At the workshop, the participants learnt about financing alternatives that they could utilize to optimize their trade activities and also improve their business cash flow. One of the financing instruments is called Factoring, which allows a business to sell its invoices, or receivables, at a discounted rate, to a third-party financial company known as a "factor." The factor then collects payment on those invoices from the business' customers.  The main reason for a business to choose factoring is that they want to receive cash quickly on their receivables, rather than waiting for the typical 30 to 60 days to receive payment from their customer. 

  5. Another financial instrument introduced at the workshop is Supply Chain Finance, which is a set of technology-based businesses and financing processes that link buyers, sellers, and financing institutions in a transaction, to lower financing costs and improve business efficiency. Supply chain finance provides short-term credit that optimizes working capital for both the buyer and the seller.

  6. The workshop is part of a series of capacity building for various stakeholders, held by AMBD as the champion group of Ease of Doing Business – the Getting Credit Indicator. In line with this, AMBD has made several initiatives over the recent years to facilitate easier access to credit by strengthening the legal and the institutional framework towards a more conducive business environment in Brunei Darussalam.  One of the initiatives was the modernization of the secured transactions regime, where in 2016, the Secured Transactions Order and the accompanying regulations were set into force and the Collateral Registry was established under AMBD.

  7. To this purpose, Brunei Darussalam is now ranked number one, joint with New Zealand, for the Ease of Doing Business – the Getting Credit Indicator.


Autoriti Monetari Brunei Darussalam

Date: 17 Muharram 1441 / 17 September 2019

Reference: AMBD/COMMS/3


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 that Jumaat Bnd Sdn/Trust Loan Company/Ocean Company/Amaanah Loan has been included in the Alert List for the month of August 2019.

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

  5. 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:                     12 Muharram 1441H /      12 September 2019M

Reference:           AMBD/COMMS/3


Download Malay version Siaran Akhbar Alert List
Download English version Press Release Alert List


  


PRESS RELEASE

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

 

Bandar Seri Begawan, Brunei Darussalam (September 2019) - 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 173rd issuance of short-term Sukuk Al-Ijarah securities.

The total of the sukuk issuance was BND34.1 million with the following details:

SeriesIssuance DateMaturity DateTenorRental Rate
1735 September 20193 September 2020364 Days1.6250%

 

With this issuance, the Brunei Government has thus far issued over BND13.08 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 5th September 2019 stood at BND 341.1 million.


Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 173 Series


  


PRESS RELEASE


 COMMEMORATIVE POLYMER NOTES BND 1 "2-IN-1 UNCUT SHEETS" IN CONJUNCTION WITH 

HIS MAJESTY SULTAN HAJI HASSANAL BOLKIAH MU'IZZADDIN WADDAULAH,

SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM'S 73rd BIRTHDAY

 

1.       In conjunction with His Majesty Sultan Haji Hassanal Bolkiah Mu'izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar 'Ali Saifuddien Sa'adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam's 73rd Birthday this year, Autoriti Monetari Brunei Darussalam (AMBD) announces the issuance of commemorative BND 1 polymer notes "2-in-1 Uncut Sheets". The 2-in-1 Uncut commemorative notes will be a legal tender of Brunei Darussalam. The description is as follows:-

 

2.       These commemorative notes will be available for sale to the public from Thursday, 21 Zulhijjah 1440 corresponding to 22 August 2019 until Friday, 22 Zulhijjah 1440 corresponding to 23 August 2019 at the following venue and times:

Venue:

Theatre Hall
Ministry of Finance and Economy Building
Commonwealth Drive
Bandar Seri Begawan BB3910
Negara Brunei Darussalam

Opening times:

 

3.       The commemorative notes are in limited amount and only 1 commemorative note is allowed for purchase per customer. For members of the public who are interested to purchase the product, AMBD seeks cooperation to bring along your identification card (i.c) and payment is by cash term only.
 
Autoriti Monetari Brunei Darussalam

Ref:                        AMBD/COMMS/3
Date:                    19 Zulhijjah 1440 / 20 August 2019

Download Malay version AMBD Siaran Akhbar - BND1 2-in-1 Uncut Sheets

Download English version AMBD Press Release - BND1 2-in-1 Uncut Sheets

  


PRESS RELEASE

DAY 2 OF THE 4th FINANCIAL FUN FAIR

IN CONJUNCTION WITH NATIONAL SAVINGS DAY 2019

JERUDONG PARK COLONNADE

SUNDAY, 17 ZULHIJJAH 1440 CORRESPONDING TO 18 AUGUST 2019


1.          Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with Tabung Amanah Perkerja (TAP), Ministry of Finance and Economy (MOFE), Junior Achievement (JA) Brunei, as well as other participating financial institutions, held the second day of the 4th Financial Fun Fair at the Jerudong Park Colonnade on Sunday, 17 Zulhijjah 1440 corresponding to 18 August 2019.  

2.          The event carried the theme "Fusion of Green and Technology" which aims to highlight the importance of being eco-friendly, and that the use of technology can assist in implementing this act when making daily financial transactions and decisions.

3.          A number of financial-related activities were run during the event with the aim of increasing the public's financial literacy. This included the Financial Race, where participants' fitness and financial literacy was tested, as they race through the Jerudong Park Playground, whilst deciphering clues and answering financial-related questions for a chance to win the challenge. The event also saw the prize presentation ceremony for the Financial Race, as well as other events ran in conjunction with National Savings Day 2019, including the QR Code Competition and Financial Bootcamp.

4.          In first place for the Financial Race was Team Chill2 with team members Ming Rui Chong and Sin Yi Lim. As for the QR Code Competition, the competition was won by Nafri Manaf, with his QR Code design being used to access the clues during the Financial Race. The Financial Bootcamp, which is a 3-day programme for students from local universities and higher education institutions to develop creative ideas on the innovation of financial products, was won by Team GGC with team members Muhammad Syazwan bin Sarifudin, Ahmad Hamizan bin Hj Shahri, and Awang Muhammad Afiq Rafieuddin bin Hj Burhanuddin.

5.          The event also saw performances by the Royal Brunei Police Force (RBPF) and the Royal Brunei Armed Force (RBAF). 

6.          AMBD would like to take this opportunity to extend its appreciation to all the stakeholders involved as well as participants of the competitions, including members of the public, for their participation in the National Savings Day 2019 and the associated events.

 

Autoriti Monetari Brunei Darussalam

Date:         17 Zulhijjah 1440 / 18 August 2019
Ref:            AMBD/COMMS/3

Download Malay version here

Download  English version here

  


PRESS RELEASE

4th FINANCIAL FUN FAIR

IN CONJUNCTION WITH NATIONAL SAVINGS DAY 2019

JERUDONG PARK COLONNADE

SATURDAY, 16 ZULHIJJAH 1440 CORRESPONDING TO 17 AUGUST 2019

 

  1. Autoriti Monetari Brunei Darussalam (AMBD), in collaboration with Tabung Amanah Perkerja (TAP), Ministry of Finance and Economy (MOFE), Junior Achievement (JA) Brunei, and other participating financial institutions, held the first day of the 4th Financial Fun Fair in conjunction with National Savings Day 2019 at the Jerudong Park Colonnade on Saturday, 16 Zulhijjah 1440 corresponding to 17 August 2019.
     
  2. The Guest of Honour, Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia (Dr.) Haji Awang Abu Bakar bin Haji Apong, Minister of Home Affairs as the Deputy Chairman of AMBD's Board of Directors, officiated the opening ceremony of the event. Also present were Yang Berhormat Dato Seri Setia Haji Awang Abdul Mokti bin Haji Mohd Daud, Minister at the Prime Minister's Office; 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 Berhormat Dato Seri Setia Awang Haji Hamzah bin Haji Sulaiman, Minister of Education; other members of AMBD Board of Directors, the Commander of the Royal Brunei Armed Forces (RBAF), Permanent Secretaries, Deputy Permanent Secretaries, Senior Government and AMBD Officers, and Chief Executive Officers and Managing Directors of local financial institutions; as well as AMBD officers and staff.
     
  3. Carrying the theme "Fusion of Green and Technology," the objective of the Financial Fun Fair is to emphasise the importance of being environmentally-friendly and, subsequently, for the public to realise that this concept can also be extended to daily financial transactions and decisions, which may include the utilising of technology.
     
  4. Institutions participating in the event include the Centre for Islamic Banking, Finance and Mangement (CIBFM), Perbadanan Tabung Amanah Islam Brunei (TAIB), BIBD, Brunei Association of Banks (BAB), Baiduri Bank, Standard Chartered Bank, Bank Islam Brunei Darussalam Securities (BIBDS), Insurans Islam TAIB (IIT), Takaful Brunei Keluarga (TBK) and Great Eastern Life Assurance.
     
  5. The event offers a variety of fun-packed, interactive activities including the Financial Race and other financial-related activities by the participating institutions. Additionally, the event features performances by the Royal Brunei Police Force (RBPF) and the Royal Brunei Armed Forces (RBAF). The Financial Fun Fair will continue on Sunday, 18 August 2019. Tickets to the Financial Fun Fair can be purchased from the AMBD Ticketing Booth, at Jerudong Park Playground, on Saturday, 18 August 2019 from 9am to 3pm.
     
  6. For additional information on National Savings Day 2019, members of the public can visit AMBD website at https://www.ambd.gov.bn/nsd2019; download the AMBD App via the App Store or Google PlayStore; or follow AMBD on Instagram at @autoriti_monetari.

    Autoriti Monetari Brunei Darussalam

    Date:         16 Zulhijjah 1440 / 17 August 2019
    Ref:            AMBD/COMMS/3

Download Malay version here

Dowload 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 that the following companies or individuals have been included in the Alert List for month of July 2019:

  • Kuziemi Foodmarket; and
  • VBData.
4.            Members of the public may visit AMBD's website to access the Alert List, as well as the list of persons and institutions licensed by AMBD here.

5.            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:                     14 Zulhijjah 1440H /          15 August 2019M

Reference:           AMBD/COMMS/3

Download Malay version Siaran Akhbar Alert List
Download English version Press Release Alert List


  


PRESS RELEASE

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


Bandar Seri Begawan, Brunei Darussalam (Aug 2019) - 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 172nd issuance of short-term Sukuk Al-Ijarah securities.

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

SeriesIssuance DateMaturity DateTenorRental Rate
172
08 August 201907 November 2019
91 Days1.3750 %

 

With this issuance, the Brunei Government has thus far issued over BND13.08 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 08th Aug 2019 stood at BND 322.0 million.

Download PDF here Successful Issuances of Brunei Darussalam Government Short-Term Sukuk Al-Ijarah Securities 172nd Series

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