The Islamic Finance Industry established more than 25 years in the country, has faced various challenges in the form of its establishment, issues on Shar'iah compliance as well as in chasing and competing the development achieved by the Conventional Financial Industry. Speaking at the Closing of the Brunei Darussalam Islamic Finance Conference 2017 this afternoon, Doctor Mohd Hairul Azrin bin Haji Besar, a member of the Shar'iah Financial Supervisory Board and member of the Centre For Islamic Banking, Finance and Management,CIBFM said issues such as the transition of loan contract, hire purchase and equity contracts namely Mudarabah dan Musyarakah have been dicussed and implemented.

Doctor Mohd Hairul Azrin went on to say the most important thing is the willingness to share experience and interest to learn in depth knowledge in the field of Islamic Finance that will benefit from the organising of such a gathering. Apart from that, scholars and experts are also able to exchange views on their respective knowledge. The closing ceremony was attended by members of the Legislative Council. It was organised by CIBFM and supported fully by Autoriti Monetari Brunei Darussalam, AMBD.

Source: Radio Television Brunei