BIBD SECURITIES EARNS ACCOLADES FOR SHARIAH-COMPLIANT AND ESG INVESTING
BIBD Securities, the leading provider of investment solutions in Brunei, received the Brunei country awards for Best Investor Education, Best Retail House, Best Institutional House and Best Islamic Fund House by Asia Asset Magazine for the year 2022, while BIBD Asset Management, operating under the license of BIBD Securities, was awarded for Best Applications of ESG Practices (Finance) for Brunei by Global Business Outlook.
“We are humbled to be recognized for our achievements in Shariah-compliant and ESG investing,” said Jason Wong, Acting Managing Director of BIBD Securities. “Our commitment to sustainability is rooted in our belief that businesses have a responsibility to contribute to the well-being of the communities in which they operate. We are honored to receive these awards, which are a testament to our efforts to build a more sustainable future.”
“As a responsible corporate citizen, we believe that sustainable development is key to our success and the success of our clients. As a signatory to the United Nations Principles of Responsible Investing (UN PRI), we are committed to integrating ESG considerations into our investment decisions, and we believe that doing so is not only the right thing to do, but also makes sound business sense.” he added. “This also aligns with our efforts to support the Brunei Darussalam Central Bank (BDCB) Financial Blueprint by enhancing financial literacy in Brunei Darussalam.”
In 2022, BIBD Securities had organised more than 15 financial literacy events, engaging with both corporate employees as well as secondary and tertiary students. Additionally, BIBD Securities hosted 80 client pocket events for existing and new clients to raise awareness on the importance of financial planning and ways to achieve financial goals through Shariah-compliant means.
BIBD Asset Management’s success in applying ESG practices was recognized by Global Outlook Magazine, and demonstrates BIBD Securities’ leadership in leveraging technology to support sustainable investing practices. In 2022, BIBD Securities introduced the Arabesque Q3.17 Global ESG Momentum Flexible Allocation Fund, the first Shariah-compliant ESG Fund available in Brunei. It is also BIBD Securities’ first fund which utilises a quantitative, Artificial Intelligence (AI) driven approach.
Established in 1993, BIBD Securities 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 Asset Management provides bespoke Islamic fixed income (Sukuk) and Multi-asset 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).