Financial app to help Bruneians keep track of budget

National 1 minute, 37 seconds

BANDAR SERI BEGAWAN

A SENIOR lecturer and a group of finance officers are keen to develop an app to help Muslims in Brunei who are struggling with their finances track their spending and keep their budget in check.

Dr Abdul Nasir Hj Abdul Rani, dean of the Faculty of Business and Management Sciences at Universiti Islam Sultan Sharif Ali (UNISSA), disclosed this during a recent rehearsal for the Civil Service Day awards held at the International Convention Centre.

He noted that he and three other members from the Employees Trust Fund (TAP), Bank Islam Brunei Darussalam (BIBD) and Baiduri Bank have come up with an app called ‘Waqaf Aplikasi Usin Qu’.

In an interview with The Brunei Times, Dr Abdul Nasir said the idea arose after reading newspaper reports about many Bruneians who were struggling with financial problems.

“The app would be aimed at reducing the Muslim community’s burden, as right now, there are many people faced with financial problems who are in debt to the point of having to file for bankruptcy.”

He said the mobile app would also be designed to create awareness among the Muslim community on the importance of prudent money management and financial planning from an Islamic perspective.

Dr Abdul Nasir said the app is still in the ‘blueprint stage’ but noted that a local institute of higher learning had recently come forward to collaborate in developing it.

He said the app would also contain information on Islamic finance that is relevant, useful, informative and fun.

He said the app is ideal for Bruneians of all ages as technology plays an important role in people’s lives.

According to Dr Abdul Nasir, a recent study conducted by Universiti Brunei Darussalam showed that most Bruneians are keen to use technology as a learning platform.

“Bruneians are familiar with apps and social media, so hopefully this app can be utilised and help them with their finances,” he added.

The Brunei Times