BIBD wins Best Bank for Islamic Wealth Management Solutions for 2nd Consecutive Year
- Awards, Banking, Featured, Investing, Islamic Finance
Bank Islam Brunei Darussalam (BIBD) has been awarded the Best Bank for Islamic Wealth Management Solutions in Brunei Darussalam for 2025 by the prestigious Cambridge Islamic Funds Awards (CIFA). This marks the second consecutive year that BIBD has received this accolade, reinforcing its commitment to excellence in Islamic finance particularly wealth management solutions.
Over 150 guests attended the awards ceremony, where more than 30 awards were presented to global winners at the 2nd annual Cambridge Islamic Funds Awards in Jeddah, Saudi Arabia. Representing BIBD at the ceremony and receiving the award on behalf of the bank was Managing Director and CEO, Awang Junaidi bin Haji Masri.
The CIFA follows a rigorous and transparent evaluation process to identify and honour institutions that demonstrate outstanding capabilities in Islamic wealth management. The assessment considers key factors such as adherence to Shariah principles, the consistency and reliability of fund performance, and the level of innovation in Islamic asset management. The evaluation also considers an institution’s both Islamic and conventional financial institutions that offers Islamic wealth management solutions approach to risk management, ensuring investor capital protection, and its commitment to ethical investment practices and governance standards. By applying these stringent criteria, the awards ensure an impartial and fair assessment, recognising institutions that excel in delivering Shariah-compliant financial solutions.
BIBD’s recognition for a second consecutive year is a testament to its dedication to providing innovative and reliable Islamic wealth management solutions. Through its subsidiary, BIBD Securities, the bank offers a comprehensive range of fully Shariah-compliant wealth management products, tailoring its services to meet the evolving financial goals of its customers. This approach not only strengthens individual financial resilience but also contributes to the broader sustainability of the financial ecosystem.
The decision to honour BIBD was made following extensive deliberations by the Awards Committee, which considered various financial institutions in Brunei before selecting BIBD based on its adherence to the CIFA methodology. This methodology places emphasis on unbiased performance measurement, rewarding funds that consistently deliver strong returns while maintaining strict compliance with Shariah principles. Institutions are also recognised for their innovation in asset management and their commitment to ethical and transparent investment practices.
Receiving this award for the second consecutive year further reinforces BIBD’s position as a leader in Islamic finance, both in Brunei and internationally. The bank remains committed to upholding the highest standards of Shariah compliance while continuously innovating to offer financial solutions that meet the diverse needs of its clients.
