ISLAMIC FINANCE: BRUNEI: BMB Group’s ambitious growth strategy

Cayman Islands-registered BMB Group, set up in 2004 by 31-year-old Rayo Withanage, is emerging as a player in Brunei Dar Al-Salam, until now not the most active of Islamic financial markets. BMB started by offering financial services to members of the Brunei royal family, and apparently to Gulf royals too.