(Bandar Seri Begawan, 29th) The Ministry of Finance and Economy (MOFE) and the Credit Guarantee and Investment Facility (CGIF) under the Asian Development Bank (ADB) recently co-hosted the 2025 Brunei Capital Market Development Seminar: Unlocking the Potential of the Sukuk Market at the Marriott International Hotel.
The event attracted more than 150 participants from various sectors to jointly discuss the potential of corporate Sukuk as an alternative financing tool.
In his opening remarks, Acting Permanent Secretary (Fiscal) Dr. Asrul highlighted that since 2006, a solid foundation has been laid for Sukuk issuance, and there are vast opportunities to expand from sovereign to corporate and infrastructure sectors, with the support of regional mechanisms such as CGIF credit guarantees. He also emphasized the important role of Government-Linked Companies (GLCs), financial institutions, and regulatory bodies in promoting innovation, enhancing market confidence, and increasing Shariah-compliant financing opportunities.
In the keynote speech, CGIF's Chief Operating Officer, Anuj Aswathi, emphasized the potential of the local capital market, particularly in the Sukuk sector. CGIF's mission is to develop local currency bond markets, and it looks forward to working with regulators, issuers, and other capital market participants to promote corporate Sukuk issuances.
The seminar concluded with a call for all stakeholders to strengthen cooperation to jointly foster a vibrant, resilient, and inclusive Sukuk market that supports national diversification, sustainable growth, and regional prosperity.
The event attracted more than 150 participants from various sectors to jointly discuss the potential of corporate Sukuk as an alternative financing tool.
In his opening remarks, Acting Permanent Secretary (Fiscal) Dr. Asrul highlighted that since 2006, a solid foundation has been laid for Sukuk issuance, and there are vast opportunities to expand from sovereign to corporate and infrastructure sectors, with the support of regional mechanisms such as CGIF credit guarantees. He also emphasized the important role of Government-Linked Companies (GLCs), financial institutions, and regulatory bodies in promoting innovation, enhancing market confidence, and increasing Shariah-compliant financing opportunities.
In the keynote speech, CGIF's Chief Operating Officer, Anuj Aswathi, emphasized the potential of the local capital market, particularly in the Sukuk sector. CGIF's mission is to develop local currency bond markets, and it looks forward to working with regulators, issuers, and other capital market participants to promote corporate Sukuk issuances.
The seminar concluded with a call for all stakeholders to strengthen cooperation to jointly foster a vibrant, resilient, and inclusive Sukuk market that supports national diversification, sustainable growth, and regional prosperity.