BIBD Securities Sdn Bhd (BIBDS) and BIBD Asset Management (BIBD AM – operating under the license of BIBDS), have once again been honoured with several awards by Asia Asset Management (AAM), a leading regional media on asset management industry.
The BIBD subsidiaries won the ‘Best Islamic Fund House’ for Brunei for the second year running and was also awarded with ‘Best Sukuk Manager’ and ‘Best Islamic Fund’ in Brunei, which is managed in collaboration with Arabesque Asset Management.
The ‘Best of the Best Awards’ is an annual awards programme published by AAM that gives recognition to financial institutions for outstanding achievements over the past calendar year.
“We are humbled and proud to be recognised as the country’s best, which mirrors the industry’s trust and confidence in our capabilities as we continue to see a steady growth in demand for Syariah-compliant and socially-responsible investment products,” said Acting Managing Director of BIBDS Jason Wong.
“Our latest collaboration with Arabesque through the ESG Fund reflects the BIBD Group’s wider commitment to sustainability and BIBDS’ commitment as a signatory of the United Nations Principles of Responsible Investment (UNPRI), to incorporate the principles of UNPRI into our decision-making process and products,” he added.
Established in 1993, BIBDS provides investment solutions to both retail and institutional clients. BIBDS is a wholly owned subsidiary of Bank Islam Brunei Darussalam (BIBD) and is the first financial institution to offer Islamic wealth management product and brokerage services in Brunei.
Meanwhile BIBD AM provides bespoke Islamic fixed income (Sukuk) solutions that are managed in-house by a fully local investment team as well as Islamic global equities solutions through the strategic partnerships with a number of global investment firms with a long and successful track record of managing hundreds of billions of Asset Under Management (AUM).
BIBDS’ newest offering, the Arabesque Q3.17 Global ESG Momentum Flexible Allocation Fund was launched last year in partnership with global asset management firm Arabesque, and is the first Syariah-compliant ESG Fund available in Brunei which provides a solution for investors that seek a Syariah-compliant and sustainable strategy.
The strategy’s global investable universe consists of approximately 1,500 highly liquid and sustainable companies and excludes companies that generate profit from nonpermissible business activities outlined in the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) guidelines.
The launch of the ESG fund is one of the many steps that BIBD has taken as part of the Group’s Sustainability Framework which will guide the bank’s transformation into socially responsible and sustainable institution.