Sunday, June 16, 2024
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Brunei Town

New subscription discounts on offer

BIBD Securities Sdn Bhd (BIBDS) is offering a discounted sales charge for new subscriptions to any of its Mutual Fund with fresh funds from January 15 until March 31.

The promotion is applicable on a wide selection of funds which include the SNB Capital Funds, the Franklin Templeton Shariah Funds and the recently launched Arabesque Q3.17 SICAV ESG Fund.

Fresh funds are funds deposited through cheques, cashier’s orders, demand drafts, cash deposits or telegraphic transfer from other local or overseas financial institutions.

Customers who subscribe to mutual funds in a lump sum will enjoy a discounted sales charge of 0.5 per cent plus free gifts upon sign-ups.

Mutual fund is an investment that allows investors with similar investment goals and objectives to pool their money in diversified portfolio. A professional fund manager will manage and trade the pooled money in Syariah-compliant securities, such as sukuk and stocks.

In December 2021, BIBDS launched a new Syariah-compliant ESG fund (environmental, social and corporate governance) suitable for investors seeking to invest in products that promotes sustainable economic growth, in alignment with the global commitment towards the United Nations Sustainable Development Goals (SDGs).

In partnership with global asset management firm, Arabesque, the ESG fund is the first Syariah-compliant ESG fund available in Brunei.

The launch of the ESG fund is one of the many initiatives that BIBD group has embarked on as part of the Group’s Sustainability Framework – which aims to support a wider commitment to sustainability which will be adopted into an overall business strategy which emphasises on Environmental Protection, Responsible Entrepreneurship and Inclusive Social Impact.

All BIBDS Mutual Fund offerings are also in support to the Brunei Darussalam Central Bank’s national agenda towards improving financial literacy among Bruneians albeit creating a society that is knowledgeable and are able to actively participate in the local capital markets.

Prior to signing up, potential investors are advised to fully understand and familiarise themselves with the subject matter, terms and conditions and the risks associated with the product.