(Bandar Seri Begawan, 11th) According to a statement issued by the Brunei Darussalam Central Bank (BDCB), Brunei has successfully maintained its global 13th ranking in the 2025 Islamic Finance Development Index (IFDI), demonstrating the robustness and continuous growth of Brunei’s Islamic finance sector.
This ranking is based on an assessment of 2024 data, with Brunei achieving a total score of 31 points for 2025, an increase from 29 points in 2024. Meanwhile, the global average score dropped from 12 points to 11 points, highlighting Brunei’s outstanding performance in this sector.
This assessment is published in the latest "2025 Islamic Finance Development Report: 50 Years of Exponential Growth", jointly released by the Islamic Corporation for the Development of the Private Sector (ICD) and the London Stock Exchange Group (LSEG). The report evaluates the state of Islamic finance development in 140 countries worldwide, including South Sudan, Jamaica, Kosovo, and Lesotho, which were assessed for the first time in 2025.
The report points out that Malaysia, Saudi Arabia, and the United Arab Emirates continue to rank as the world’s top three Islamic financial markets. Notably, Iraq entered the top 15 for the first time, ranking 14th in 2025 with 30 points, replacing Nigeria, which previously held a spot on the list.
IFDI assessments are primarily based on five key indicators: financial performance, governance, sustainability, public awareness, and knowledge dissemination. According to the report, the global Islamic finance total assets reached USD 6 trillion in 2024, representing a 21% increase from 2023. Of these, Islamic banking assets account for 72%, Sukuk (Islamic bonds) make up 17%, Islamic funds account for 5%, other Islamic financial institutions account for 3%, and Takaful (Islamic insurance) accounts for 2%.
Brunei made positive progress in several assessment areas, especially in Takaful, where it stood out by ranking 10th globally with USD 500 million in assets. Additionally, its score for public awareness jumped from 24 points in 2024 to 44 points in 2025, attributed to a significant increase in media coverage related to Islamic finance.
In terms of governance, Brunei continued to achieve a perfect score in the 'Regulations' sub-indicator, increasing its overall governance score from 71 points in 2024 to 72 points in 2025.
Although the 'financial performance' score slightly declined to just 9 points, the overall assessment still indicates that Brunei maintains a positive momentum in promoting Islamic finance development.
According to the report's forecast, the total value of global Islamic finance assets is expected to grow to USD 9.7 trillion by 2029, reflecting the sustained growth potential and attractiveness of the sector.
The full report is available on the London Stock Exchange Group (LSEG) official website.
This ranking is based on an assessment of 2024 data, with Brunei achieving a total score of 31 points for 2025, an increase from 29 points in 2024. Meanwhile, the global average score dropped from 12 points to 11 points, highlighting Brunei’s outstanding performance in this sector.
This assessment is published in the latest "2025 Islamic Finance Development Report: 50 Years of Exponential Growth", jointly released by the Islamic Corporation for the Development of the Private Sector (ICD) and the London Stock Exchange Group (LSEG). The report evaluates the state of Islamic finance development in 140 countries worldwide, including South Sudan, Jamaica, Kosovo, and Lesotho, which were assessed for the first time in 2025.
IFDI assessments are primarily based on five key indicators: financial performance, governance, sustainability, public awareness, and knowledge dissemination. According to the report, the global Islamic finance total assets reached USD 6 trillion in 2024, representing a 21% increase from 2023. Of these, Islamic banking assets account for 72%, Sukuk (Islamic bonds) make up 17%, Islamic funds account for 5%, other Islamic financial institutions account for 3%, and Takaful (Islamic insurance) accounts for 2%.
Brunei made positive progress in several assessment areas, especially in Takaful, where it stood out by ranking 10th globally with USD 500 million in assets. Additionally, its score for public awareness jumped from 24 points in 2024 to 44 points in 2025, attributed to a significant increase in media coverage related to Islamic finance.
In terms of governance, Brunei continued to achieve a perfect score in the 'Regulations' sub-indicator, increasing its overall governance score from 71 points in 2024 to 72 points in 2025.
Although the 'financial performance' score slightly declined to just 9 points, the overall assessment still indicates that Brunei maintains a positive momentum in promoting Islamic finance development.
According to the report's forecast, the total value of global Islamic finance assets is expected to grow to USD 9.7 trillion by 2029, reflecting the sustained growth potential and attractiveness of the sector.
The full report is available on the London Stock Exchange Group (LSEG) official website.