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; and His Royal Highness Prince Haji Al-Muhtadee Billah, the Crown Prince and Senior Minister at the Prime Minister’s Office; in a group photo with Yang Mulia Haji Mohammad Yusri bin Haji Wahsalfelah, Acting Managing Director and Chief Executive Officer of BIBD; Yang Mulia Hazimah ‘Izzati binti Pehin Dato Haji Adanan, Acting Deputy Managing Director of BIBD; and Associate Professor Dr Abdul Nasir bin Haji Abdul Rani, Chairman of BIBD At-Tamwil Shariah Advisory Body. PHOTO: BIBD

Reinforcing its commitment to Shariah governance, transparency and the advancement of Islamic finance, Bank Islam Brunei Darussalam (BIBD) has published – Kompilasi Resolusi Pilihan Badan Penasihat Syariah Bank Islam Brunei Darussalam (2017-2021). The publication brings together selected Shariah resolutions and deliberations that have helped guide the Banks’ approach to Islamic banking and finance over the years.

The publication was officially launched during the Majlis Ilmu held at the International Convention Centre, Berakas, by 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. His Majesty was received by Yang Mulia Haji Mohammad Yusri bin Haji Wahsalfelah, Acting Managing Director and Chief Executive Officer of BIBD; Yang Mulia Hazimah ‘Izzati binti Pehin Dato Haji Adanan, Acting Deputy Managing Director of BIBD; and Associate Professor Dr Abdul Nasir bin Haji Abdul Rani, Chairman of BIBD At-Tamwil Shariah Advisory Body.

The publication was launched in conjunction with the celebration of Majlis Ilmu, a fitting occasion given the event’s role as a national platform for the sharing of knowledge and exchange of ideas on matters relating to religion, society and national development. As a compilation of Shariah resolutions and deliberations, it aligns exclusively with the spirit of the Majlis Ilmu by contributing to the dissemination of beneficial knowledge and encouraging greater understanding of contemporary issues in Islamic banking and finance for greater contribution in knowledge based.

The occasion also provided an opportunity to introduce the publication to a wider audience, reflecting BIBD’s efforts to make Shariah insights and deliberations more accessible beyond the financial sector. In turn, it supports greater awareness of the principles and considerations that continue to guide the development of Islamic banking and finance.

BIBD’s participation in Majlis Ilmu demonstrates the Bank’s steadfast commitment to fostering a culture of knowledge-seeking and knowledge-sharing that contributes to individual and societal development, in line with the aspirations of Maqasid Shariah. It also underscores BIBD’s unwavering loyalty to His Majesty, while supporting one of the many national initiatives held in conjunction with His Majesty’s 80th Birthday celebrations.

As Islamic finance continues to evolve and address increasingly complex commercial and financial issues, BIBD recognised the importance of documenting and sharing the Shariah deliberations that underpin key decisions across its business operations. The publication was developed to provide greater visibility into the Shariah considerations behind key decisions made across the Bank’s operations and to preserve a significant collection of Shariah deliberations and institutional knowledge for the benefit of practitioners, researchers and future generations.

Central to this process is BIBD’s Shariah Advisory Body (BPS), which oversees and advises on matters relating to the Bank’s products, services, business activities and operations to ensure they remain in line with Shariah principles.

Through its deliberations and rulings, the BPS helps guide the Bank in addressing both established and emerging issues in Islamic banking and finance while maintaining a strong Shariah governance framework.

The publication brings together selected resolutions and discussions of the BPS, providing a valuable reference for practitioners, academics and members of the public seeking deeper understanding of Shariah matters in Islamic Banking and Finance. It also reflects on BIBD’s ongoing efforts to contribute to the development of Islamic finance and encourage a wider understanding of Shariah matters relevant to the industry.

His Majesty and His Royal Highness Prince Haji Al-Muhtadee Billah during the event. PHOTO: BIBD

The publication projected was initiated under the leadership of Associate Professor Dr Abdul Nasir bin Haji Abdul Rani during his tenure as Chairman of BIBD’s Shariah Advisory Body, together with Muhammad Takzimallah bin Haji Ahmad Sanuddin, Shariah Research Manager, and Norhafikah binti Awang Haji Bakri, Shariah Research Officer at BIBD.

The compilation covers a range of topics, including investment and capital market activities, trade financing, risk management considerations, and the applications of Islamic principles to modern financial and finance. Through these resolutions. Readers gain insight into how the BPS considers and addresses contemporary issues facing the industry.

By making these deliberations more accessible, BIBD hopes to provide readers with a better understanding of the considerations behind Shariah decisions and their application in Islamic banking and finance. The publication also serves as a useful resource for practitioners, regulators, academics, judicial institutions, arbitrators and others interested in the field.

The publication also reflects the spirit of Maqasid Shariah by promoting the sharing of beneficial knowledge, encouraging ethical financial practices and supporting responsible stewardship of wealth. Through this effort, BIBD hopes to contribute to a financial sector that balances economic progress with the broader interests of society.

Commenting on the publication, Yang Mulia Haji Mohammad Yusri bin Haji Wahsalfelah, Managing Director and Chief Executive Officer of BIBD, said, “Shariah governance is fundamental to how BIBD conduct its business. Every products, service and initiative undertaken by the Bank is carefully assessed to ensure it remains consistent with Shariah principles, and our Shariah Advisory Body plays a critical role in that process.

“Through this publication, we are sharing selected resolutions and deliberations that have shaped our approach over the years. We hope it will serve as a useful resource for industry practitioners, academics, researchers and anyone seeking a deeper understanding of Islamic finance and Shariah decision-making.

“More importantly, this effort reflects our commitment to contributing to the continued growth of Islamic finance in Brunei Darussalam by making knowledge and practical experience more accessible to the wider community.”

As Brunei Darussalam’s leading Islamic financial institution, BIBD continues to support initiatives that contribute to the advancement of Islamic finance. The publication of this compilation reflects the Bank’s broader commitment to sharing expertise, encouraging meaningful discussion and strengthening the Islamic finance ecosystem. It also preserves institutional knowledge while supporting efforts to deepen employee’s appreciation and application of Shariah principles in their daily roles.

Bank Islam Brunei Darussalam (BIBD) has published ‘Kompilasi Resolusi Pilihan Badan Penasihat Syariah Bank Islam Brunei Darussalam (2017–2021)’, a compilation of selected Shariah resolutions and deliberations that have guided the Bank’s approach to Islamic banking and finance. PHOTO: BIBD

In line with the objectives of Maqasid Shariah, particularly in promoting beneficial knowledge and responsible financial practices, this initiative seeks to encourage greater awareness of the principles that support Islamic finance. It also supports the aspirations of Wawasan Brunei 2035 by contributing to the development on knowledgeable and highly skilled society, while fostering a financial sector that is progressive, trusted and responsive to the nation’s need.

As the industry continues to evolve, BIBD remains committed to strengthening Shariah governance, investing in continuous learning and sharing insights that contribute to the long-term growth of Islamic finance. Through efforts such as this publication, BIBD continues to support a more informed and resilient financial landscape for Brunei Darussalam.