James Kon
This year is a relatively good year for the sukuk market with total returns of over 2.5 per cent and a dividend yield of approximately five per cent per annum.
This was said by Bank Islam Brunei Darussalam (BIBD) Securities Acting Managing Director Jason Wong during opening remarks at the event titled, ‘The Sukuk Market: Finding Opportunities in Uncertain Times’ yesterday.
However, due to recent market volatility, he said now is a good time to highlight the defensive nature of sukuk and how the asset class performs during market downturns.
BIBD Managing Director and Chief Executive Officer Junaidi bin Haji Masri and Deputy Managing Director Hajah Noraini binti Haji Sulaiman were present at the event at Garden’s Veranda, Rimba Garden Central aimed at providing insights to the sukuk market for potential investors.
Guests at the event listened to a presentation on the outlook of the sukuk market such as latest trends, opportunities and risks by Franklin Templeton’s Chief Investment Officer for Global Sukuk and MENA Fixed Income Mohieddine Kronfol.
The presentation was followed by a panel discussion highlighting various aspects of the market including investment strategies and emerging trends.
The event highlighted BIBD Securities’ commitment to investor education and being a lifelong partner in fulfilling its customers’ financial goals. In 2022, it organised over 15 financial literacy events and hosted 80 client pocket events for clients to raise awareness on the importance of financial planning and ways to achieve financial goals through Syariah-compliant means.
