Opening Of Brunei Islamic Capital Market Conference

The use of a more diverse set of financial instruments such as Islamic social finance tools, sukuk and Islamic Financial Technology or FinTech can further be explored to help Islamic finance deliver even greater impact in stimulating a more vibrant Islamic finance industry. Speaking during the Opening of Brunei Islamic Capital Market Conference or BCAM, the Minister of Home Affairs as Deputy Chairman of Autoriti Monetari Brunei Darussalam, AMBD, emphasised the potential of Islamic finance to catalyse socio-economic advancement as the financial returns generated also entails positive social and environmental impacts. Therefore, according to Yang Berhormat Pehin Orang Kaya Seri Kerna Dato Seri Setia Doctor Haji Awang Abu Bakar bin Haji Apong, continuous collaborations among key players are important towards realising the vision of a resilient, sustainable and inclusive economic growth. The conference took place at the International Convention Centre in Berakas.

Dayang Hajah Rokiah Binti Haji Badar, Managing Director of AMBD and Chairperson of BILIF's Board of Directors in her speech highlighted the significant milestones achieved in AMBD's efforts towards striving to become an international hub for Islamic finance. This include the growing importance of Sustainable, Responsible and Impact, SRI, investing.

Yang Berbahagia Professor Dato' Dr. Mohd Azmi bin Omar, President and CEO of INCEIF, Malaysia also delivered a keynote presentation on Fueling an Inclusive and Sustainable Future through Islamic Capital Market.

Her Excellency Sri Mulyani Indrawati, Minister of Finance, Republic of Indonesia gave a virtual keynote presentation entitled 'Stimulating the Development of Islamic Capital Market Sector: A Story from Indonesia'.

BICAM 2021 is a platform that showcases the local talents on their credibility and knowledge particularly in the field of Islamic capital market. During the 2-day conference, participants had the opportunity to discuss issues and challenges pertaining to the development of Islamic capital market especially in Brunei Darussalam's context. The conference is held in support of the Ministry of Primary Resources and Tourism's Brunei Mid-Year Conference and Exhibition, MICE event.

Source: Radio Television Brunei