Islamic Securities

The Brunei Darussalam Central Bank (BDCB), as the agent to the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam, is responsible for the management and administration of the Brunei Darussalam Government Sukuk Al-Ijarah issuances. This programme aims to provide a safe and liquid investment instrument for domestic financial institutions and develop the Brunei Darussalam Government securities yield curve as a benchmark for corporate sukuk.

The first Brunei Government Sukuk Al-Ijarah was issued on 6 April 2006. Since then, the Brunei Darussalam Government has issued a total of 226 issuances of Sukuk Al-Ijarah securities, with maturities of three months, one year, three years, five years, seven years, and ten years.

As part of the BDCB's continued efforts to develop a more efficient money market for Brunei Darussalam, the two-week BDCB I-Bills was launched on 22 October 2020 - based on the Syariah concept of Wakalah bil Ujrah. The BDCB I-Bills aim to support liquidity management for the banks and the Islamic trust fund as primary investors and simultaneously expand the list of money market instruments available to BDCB and the domestic financial sector.

To provide banks with wider liquidity management options, a 4-week tenor was introduced, in addition to the 2-week tenor, beginning January 2025. With this, BDCB issues the 2-week tenor every fortnight and the 4-week tenor every four weeks.

Brunei Government Sukuk Al-Ijarah

Highlights (Q3 2025)

252

Number of Sukuk Issued

Value of Sukuk Issued

Value of Outstanding Sukuk

Growth of Brunei Government Sukuk Al-Ijarah

BDCB Islamic Bills (I-Bills)

Highlights (Q3 2025)

231

Total Number of

I-Bills Issued

Total Value of I-Bills Issued

Value of Outstanding I-Bills

BDCB Islamic Bills (I-Bills)