BIBD Securities and BIBD Asset Management (operating under the license of BIBD Securities), were recently awarded Best Investor Education (Brunei), Best Institutional House (Brunei) and Best Islamic Fund House (Brunei) by Asia Asset Management (AAM), a leading regional publication company that provides coverage of the Asian asset management industry.
Managing Director of BIBD Securities Haji Muhammad Yazid Dato Paduka Haji Mahadi in a statement said that the institution is honoured to recognised with the accolades.
“We are now witnessing rising demand for Shariah-compliant products and it is our aim to provide innovative investment solutions to a wide range of investors, both locally and internationally,” he said.
“The awards would not have been possible without the support of the BIBD Group, the relevant stakeholders and more importantly our clients. We aim to be a steward of Islamic asset management and one of the key ingredients to achieve this is to have a conducive and sustainable eco-system,” he added.
Speaking on BIBD Asset Management, BIBD Securities’ recently established investment management arm and has continued to build its track record in its core strategy focusing on the fixed income asset class while expanding other asset classes such as equities, multi-assets and alternatives.
Among their goals for 2021 will be to lead the charge as the domestic champion for Environmental, Social and Governance (ESG) and socially responsible investing in Brunei and leverage their ESG capabilities to service regional and local investors.
As a first step in the ESG journey, BIBD AM intends to be a United Nations’ Principles for Responsible Investment (UNPRI) signatory.
The firm views ESG as a growing capital allocation strategy brought about by the current shift on energy usage, in particular the move towards a more sustainable and ‘green’ energy regime at the expense of fossil fuels.
ESG is now emerging as a fundamental priority for institutional investors across the globe. For BIBD AM, there are plans to launch ESG strategies across multiple asset classes to cater to a growing investor base that requires shariah-compliant ESG strategies.
As part of BIBD Securities’ commitment towards fostering growth in Islamic finance and Brunei’s asset management industry as set out in Authoriti Monetari Brunei Darussalam (AMBD) Financial Blueprint 2016-2025 and Wawasan Brunei 2035, BIBD Securities continues to invest in developing its local talent pool and product offerings with the aim of adding investment solutions as one of Brunei’s non-oil sources of exports.
Commenting on BIBD Securities’ awards, AAM is pleased witht the progress that BIBD Securities has achieved recently and the commitment and dedication to the industry in developing a sustainable franchise for its clients and stakeholders.
AAM added that the achievement was even more remarkable given the unprecedented global health crisis that has upturned the way people work and live over the past year.
The awards are organised annually with the aim of giving recognition to financial institutions and pension funds for outstanding achievements over the past calendar year.
BIBD Securities was established in 1993 and is a wholly owned subsidiary of Bank Islam Brunei Darussalam (BIBD).
BIBD Securities provides investment solutions to both retail clients (through mutual funds distribution, brokerage services, and professional financial planning) and institutional clients.
THE BRUNEIAN | BANDAR SERI BEGAWAN