Financial Performance Of Islamic Banking In Brunei Darussalam (2006-2009)

Abstract

Islamic Banking in Brunei Darussalam has been introduced into Brunei Darussalam's banking industry in 1991. Since then, the public's awareness on Islamic banking has increased. However, there is still a lack of studies on how the Islamic banking performance from the years 2006 to 2009 by performing ratio analysis and time series anlaysis for the two existing Islamic banks in Brunei Darussalan. Data used are from the income statements and balance sheets of these banks while industry averages are used as benchmarks in this evaluation. Findings have shown that there are fluctuations in the performance of Islamic banking throughout the four years. However, Islamic banking still has a significant percentage of market shares in Brunei Darussalam's banking industry in terms of Total Assets, Total Deposits and total Financing. Keywords: Brunei Darussalam, Islamic banking and finance, performance.