Asset Management
Local Expertise with Global Excellence
Who Are We?
We are the first and only fully fledged Shariah-Compliant asset manager in Brunei Darussalam, offering discretionary and advisory investment management services to institutional clients in Brunei and international markets.
BIBD Asset Management envisages to become a global player in the Islamic Asset Management industry.
Homegrown investment professionals with established industry experience
1st Bruneian Financial Institution to become a signatory for United Nations Principal of Responsible Investing (“UNPRI”)
Committed to integrating Environmental, Social and Governance (ESG) standards across our business
Local and regional insight and access to markets
Market Insights
Offering our latest market views and insightful analysis to help you make better investment decisions.
Key Objectives
In line with Brunei’s Wawasan 2035 and BDCB’s Financial Blueprint, BIBDS envisions becoming a global player in the Islamic Asset Management industry.
1
Develop Brunei’s Asset Management Industry
2
Build New and Innovative Products
3
Export Our Services Overseas
Our Product Offerings
Competitive Advantage
Our goal is to be our clients’ life-long investing partner – offering long-term solutions to our clients as we provide bespoke and sustainable investment solutions at competitive costs.
BIBD Group Synergies
Our BIBD group structure allows us to tap into additional sources of expertise and connectivity as we have a wide range of relationships with issuers, banks and brokers.
Research
Our investment decisions are 100% research-driven – allowing us to implement our high conviction, low turnover investment style.
Risk-Focused
We maintain a dynamic risk management strategy allowing flexibility to adjust high risk tolerance as circumstances change.
Islamic Expertise
As the only Bruneian asset manager, with a strong Sukuk track record of 10 years, we provide a unique perspective to the global Islamic markets.
Shariah Perspective
Shariah principles are ingrained in our investment management process.
• Our investment philosophies are guided by our Shariah Advisory Body ("SAB") and internal Shariah team.
• We invest in tried-and-tested Wakalah, Murabahah and Mudarabah Sukuk structures.
• Securities that have been identified as Shariah non-compliant are responded promptly.
• Screening process across all asset classes is consistent.
Shariah Universe Identification
Client Portfolio Construction
Ongoing Shariah Monitoring
Shariah Universe Identification
Client Portfolio Construction
Ongoing Shariah Monitoring
• Our SAB is a board-level committee consisting of 3 scholars with a broad range of experiences.
• Members’ experience spans capital markets, investment and product development to ensure strict compliance with Shariah principles.
• The SAB advises on all aspects of investment management, documentation, structuring and products.
Ride the Wave of Sustainable Investing
Shariah Investing and Sustainability Go Hand-in-Hand
Our ESG values are designed to create value for our
Planet, Society, Family, Investors and Employees.
The Six Principles and Signatories' Commitment
As institutional investors, we have a duty to act in the best long-term interests of our beneficiaries. In this fiduciary role, we believe that environmental, social and corporate governance (ESG) issues can affect the performance of investment portfolios (to varying degrees across companies, sectors, regions, asset classes and through time).
We also recognize that applying these Principles may better align investors with broader objectives of society. Therefore, where consistent with our fiduciary responsibilities, we commit to the following:
We will incorporate ESG issues into investment analysis and decision-making processes
We will be active owners and incorporate ESG issues into our ownership policies and practices
We will seek appropriate disclosure on ESG issues by the entities by which we invest
We will promote acceptance and implementation of the Principles within the investment industry
We will work together to enhance our effectiveness in implementing the Principles
We will each report on our activities and progress towards implementing the Principles
Awards and Achievements
Signatory to the United Nations Principles of Responsible Investing
Asia Asset Management
Best of the Best Awards 2022
Asset Triple A Islamic Finance Awards
Islamic Asset Manager of the Year
Best Application of ESG Practices (Finance) Brunei
Global Business Outlook Awards
Asia Asset Management
Best of the Best Awards 2023
Meet our BIBD Asset Management Team
Jason Wong, CFA
Acting Managing Director of BIBD Securities Sendirian Berhad (BIBDS)
Jason has been with BIBD since 2012 and is the Acting Managing Director of BIBD Securities. He has worked across the entire Shariah asset management spectrum with over 10 years of investment management experience. He is currently the secretary of the Brunei Capital Market’s Association
Prior to BIBD Securities, Jason headed the proprietary investment team of BIBD Bank and was responsible for the management of global market investments, including Sukuk (Islamic bonds), Islamic credit-linked notes (I-CLNs) and other medium-term investments.
Additionally, Jason has worked at BIBD’s Singapore representative office, BIBD’s Debt Capital Markets (DCM) team and Citi London. He holds a Master’s degree (MSc) in Finance and a Master’s degree (MEng) in Chemical Engineering, both from Imperial College London. Jason is a CFA charterholder.
FIXED INCOME
Adilah Abu Bakar, CFA
Senior Portfolio Manager, Fixed Income
In August 2023, Adilah assumed the pivotal role of Fixed Income Lead Portfolio Manager at BIBD Asset Management. With close to a decade of enriching experience, she previously specialised in investment performance and risk management at the Brunei Darussalam Central Bank. Her experiences extend beyond her central banking tenure, encompassing impactful contributions to investment and financial development research endeavours.
Aqilah holds a Master’s Degree in Asset and Wealth Management from Nanyang Technological University (NTU) in Singapore and a Bachelor’s Degree in Business, Mathematics and Statistics from London School of Economics and Political Science, United Kingdom.
Aqilah is a CFA charterholder and certified FRM.
Liyana Jamain
Portfolio Manager, Fixed Income
Prior to recently joining BIBD Asset Management in January 2022 as a fixed income portfolio manager,
Liyana was an economist with the Brunei Darussalam Central Bank where she oversaw the development
of national indices and forecasting models. She also has experience in the formulation of policies for the
banking sector.
Liyana holds a Master’s degree (MA) in Comparative Economics and Policy after obtaining
a first class degree with honours in the Bachelor of Science (BSc Hons) Degree in Mathematics with
Economics, both from University College London.
Farah Hishamuddin
Credit Analyst, Fixed Income
Farah Hishamuddin joined BIBD Asset Management in January 2021 as a Credit Analyst. Key areas of responsibilities include bottoms-up credit analysis of Sukuk issuers and conducting macro-economic research on global financial markets.
She graduated from the University of Bristol and holds a BSc (Hons) in Economics and Econometrics with First Class Honours.
She is a yoga and fitness enthusiast with a keen interest in women-led entrepreneurship. Farah plays an active role in implementation of the firmwide ESG initiative and holds position as the ESG Specialist for BIBD AM.
MULTI ASSET SOLUTIONS
Ezza Hani, CFA
Manager, Multi Asset Solutions
Ezza joined BIBD Asset Management in 2020 to assist in broadening its Multi Asset platform and
institutional client base. Prior to this, she worked as an Economist in Brunei Shell Petroleum, responsible
for assessing the economic attractiveness and quantifying the risks of various upstream and downstream
projects.
Prior to that, she was a Portfolio Manager at the Investment Division, Ministry of Finance and Economy where her primary role was to manage the private and public equity portfolios for the Retirement Fund and the Fiscal Stabilization Reserve Fund. Ezza graduated from University of Warwick with a BSc in Mathematics, Operational Research, Statistics and Economics. She is a CFA charterholder.
Adrian Azaharaini
Research Analyst, Multi Asset Solutions
Adrian Azaharaini recently joined BIBD Asset Management in June 2021 as a Research Analyst. His key roles
include assisting in expanding the multi asset initiatives and investment strategies, conducting macroeconomic
research on global financial markets and maintaining relationships with clients and strategic partners.
Adrian is an Actuarial Science graduate with a First Class honours degree from the University of
York. He has a strong passion for basketball and has competed in national tournaments. Adrian is also a
firm believer and active contributor in improving financial literacy amongst the nation’s youth.
BIBD MIDDLE EAST
Alvin Song
Institutional Business Development Manager
Alvin is an Islamic banking professional with hands-on experience in a diverse range of business units. He
is a fixed income portfolio manager, managing external client mandates. Prior to this, he was the lead
credit analyst for BIBD Treasury & Global Markets and was with the Financial Institutions team in BIBD
(covering syndications and trade risk) and BIBD Securities (covering sales and distribution).
He has received a Financial Planning Practitioner license from BDCB and is a Certified Islamic Finance Executive (CIFE) and a CFA Level 1 candidate. Alvin graduated from the University of Kent with a Masters of Science (MSc) in
Forensic Science.
