UBD To Set Up Centre For Global Marketing Of Islamic Products

Bandar Seri Begawan - A centre for Islamic Banking and Finance Management will be set up soon at Universiti Brunei Darussalam.

Dr Haji Ismail, UBD's Vice-Chancellor, told RTB's business focus that the setting up of the centre would provide a niche on Islamic products which could be marketed globally and internationally.

This will lead to the effort of the government in making the country as a regional and international Islamic financial centre.

According to Dr Haji Ismail, who is also an economist, subjects such as Islamic Insurance and Securities have already been taught as a minor subject at the university.

He said Islamic products are among several areas where Brunei can offer in creating a niche market for local entrepreneurs to compete regionally and globally.

Dr Hajj Ismail also suggested that entrepreneurs should also tap the country's unique and rich bio-diversity resources in creating the niche market where herbal products such as medicine and perfume can be produced.

"It is now up to the entrepreneurs to think on what type of business they want to venture in or expand in capturing regional or global markets," he said.

He added that new dynamic enterprises contribute to economic development in several ways; as an important channel to convert innovative ideas into economic opportunities, as the basis for competitiveness through the revitalization of social and productive networks, as a source of new employment, and as a way to increase productivity. -- Courtesy of Radio Television Brunei 

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