Islamic Banking Legal Counsel

Islamic Banking Legal Counsel at BIBD

Bank Islam Brunei Darussalam (BIBD), the largest Islamic bank in Brunei, is seeking an Islamic Banking Legal Counsel for its Legal & Compliance Department in Bandar Seri Begawan. The role involves advising on Syariah-compliant banking products, regulatory compliance, and transactional support for BIBD's retail and corporate banking operations.

Key Responsibilities

• Draft and review Syariah-compliant facility documentation including murabahah, ijarah, musharakah, and diminishing musharakah agreements
• Advise on regulatory compliance with the Islamic Banking Order 2008 and BDCB prudential guidelines
• Support the development of new Islamic banking products in consultation with BIBD's Syariah Advisory Board
• Handle anti-money laundering (AML) and counter-terrorism financing (CTF) compliance under the Criminal Asset Recovery Order 2012
• Manage litigation and debt recovery proceedings for non-performing Islamic facilities
• Advise on consumer protection regulations and complaint resolution

• Provide legal support for BIBD's Islamic banking operations
• Ensure regulatory compliance across all banking products and services
• Draft and review Syariah-compliant transaction documentation

• Admitted to practise in Brunei or hold a recognised foreign legal qualification
• 3-7 years of experience in banking law, Islamic finance, or in-house legal roles at financial institutions
• Law degree from UBD, UNISSA, IIUM, or equivalent; specialisation in Islamic finance preferred
• Understanding of Islamic banking contracts and Syariah compliance requirements
• Familiarity with BDCB regulations and the Islamic Banking Order 2008
• Fluent in English and Malay