(Bandar Seri Begawan, 7th) Bank Islam Brunei Darussalam Berhad (BIBD) and Bank Syariah Indonesia (BSI) have officially signed a strategic Islamic risk participation agreement, further strengthening their cooperation in Shariah-compliant trade financing and regional financial integration.
This agreement was signed at the 2025 BSI International Expo held at the Jakarta International Convention Center, enabling BIBD and BSI to collaborate in trade finance transactions such as letters of credit and guarantees, with a focus on Shariah-compliant risk sharing arrangements.
BSI Vice President Bapak Bob Tyasika Ananta and BIBD Managing Director and Chief Executive Officer Junaidi signed the agreement.
This milestone cooperation will allow BIBD to expand its trade financing portfolio and participate in global trade financing activities, while consolidating its position within the Islamic financial ecosystem.
It also reflects BIBD’s growing strength and international outlook, as the bank continues to seek meaningful opportunities to support cross-border liquidity, institutional partnerships, and the sharing of values within ethical and resilient financial practices.
BIBD Managing Director and CEO Junaidi stated in his speech that this agreement demonstrates both parties’ shared commitment to strengthening the region’s Shariah-compliant financial development.
He pointed out that, although Brunei is small in size, it remains firmly committed to the values and principles of Islamic finance and welcomes the opportunity to work hand in hand with Indonesian partners to elevate the sector regionally and globally.
As Brunei’s largest bank and Islamic financial institution, BIBD’s strategies support the broader national vision under “Brunei Vision 2035,” positioning Brunei as a dynamic regional participant in the Islamic finance sector.
BIBD has established representative offices in Singapore and Dubai; this latest partnership with BSI marks an important step for Brunei in expanding its influence and leadership in key global financial corridors.
This agreement also aligns with the ASEAN Banking Integration Framework, which encourages qualified banks to conduct cross-border operations and enhances financial resilience throughout the region.
BIBD’s participation in this year’s BSI International Expo marks a renewed commitment to strengthening partnerships within the halal ecosystem and promoting shared prosperity through Islamic financial solutions across ASEAN and beyond.
This agreement was signed at the 2025 BSI International Expo held at the Jakarta International Convention Center, enabling BIBD and BSI to collaborate in trade finance transactions such as letters of credit and guarantees, with a focus on Shariah-compliant risk sharing arrangements.
BSI Vice President Bapak Bob Tyasika Ananta and BIBD Managing Director and Chief Executive Officer Junaidi signed the agreement.
This milestone cooperation will allow BIBD to expand its trade financing portfolio and participate in global trade financing activities, while consolidating its position within the Islamic financial ecosystem.
It also reflects BIBD’s growing strength and international outlook, as the bank continues to seek meaningful opportunities to support cross-border liquidity, institutional partnerships, and the sharing of values within ethical and resilient financial practices.
BIBD Managing Director and CEO Junaidi stated in his speech that this agreement demonstrates both parties’ shared commitment to strengthening the region’s Shariah-compliant financial development.
He pointed out that, although Brunei is small in size, it remains firmly committed to the values and principles of Islamic finance and welcomes the opportunity to work hand in hand with Indonesian partners to elevate the sector regionally and globally.
As Brunei’s largest bank and Islamic financial institution, BIBD’s strategies support the broader national vision under “Brunei Vision 2035,” positioning Brunei as a dynamic regional participant in the Islamic finance sector.
BIBD has established representative offices in Singapore and Dubai; this latest partnership with BSI marks an important step for Brunei in expanding its influence and leadership in key global financial corridors.
This agreement also aligns with the ASEAN Banking Integration Framework, which encourages qualified banks to conduct cross-border operations and enhances financial resilience throughout the region.
BIBD’s participation in this year’s BSI International Expo marks a renewed commitment to strengthening partnerships within the halal ecosystem and promoting shared prosperity through Islamic financial solutions across ASEAN and beyond.