Corporate Governance

As the leading Islamic financial institution in Brunei, BIBD recognises that fostering trust and providing assurance to its customers, stakeholders and the Brunei public is essential.

BIBD has implemented a comprehensive Corporate Governance Framework to uphold the integrity and quality of its products, services, operations and business activities.

As the leading Islamic financial institution in Brunei, BIBD recognises that fostering trust and providing assurance to its customers, stakeholders, and the Brunei public is essential. This is why BIBD has implemented a comprehensive Corporate Governance Framework to uphold the integrity and quality of its products, services, operations, and business activities. The framework encompasses several key elements, including:

  • An understanding of the interface between BIBD’s various stakeholders (internal and external), to facilitate effective engagement and management of their interests and expectations. This extends to its shareholders, business counterparts, employees, and regulators.

  • Actionalising its operations and business activities operate on the following fundamentals:
    • Compliant with Shariah.
    • Compliant with applicable laws.
    • Embracing ethical values and standards and embracing principles sustainability as part of its governance culture.
    • Emplacement of sound internal controls.

  • Transparency and accountability of the decision-making process of key organs of BIBD through the methodical division of their roles and responsibilities.

  • Integration of common values, cohesive governance, and risk management related policies across the BIBD Group (“Group Alignment”) to ensure the collective integrity and soundness of the business and operation of the BIBD Group.

Through the assimilation of common values, cohesive governance, and sound risk management policies across the BIBD Group, the institution strives to uphold collective integrity and ensure the robustness of its operations.

BIBD's commitment to sound corporate governance which emphasises on transparency, accountability, and operational integrity, not only underscores its dedication to meeting the highest standards of ethics and compliance but also reinforces its role as a ‘Bruneian at Heart’ financial institution in Brunei, as it continues to prioritise the interests of its stakeholders and work towards sustainable growth and prosperity for the Brunei economy.