BIBD Asset Management (BIBD AM – operating under license from BIBD Securities Sdn Bhd), was recently recognized as “Islamic Asset Manager of the Year” for Brunei by The Asset Triple A Islamic Finance Awards, a global publisher of rewards.
According to a press release, The Asset’s Triple A Annual Awards represent the industry’s most prestigious awards for banking, finance, treasury and capital markets.
“We are now seeing a steady growth in the demand for syariahand our aim is to provide innovative investment solutions to a wide range of investors, both locally and internationally, ”said BIBDS Managing Director Haji Muhammad Yazid bin Dato Paduka Haji Mahadi.
“Al Hamdulillah, we are touched by this recognition. We are proud to be a local entity that strengthens its capacity and infrastructure internally with the support and expertise of our own local talents.
“Winning this award places Brunei on the global stage and demonstrates our ability to meet the needs of our customers while meeting regional and global standards.
“As for our immediate business, we are focused on our journey to become the national leader in environmental, social and governance (ESG) and socially responsible investment in Brunei.
“ESG has become a fundamental priority for institutional investors around the world and with the principles of Maqassid Syariah Deeply rooted in BIBD AM as part of its DNA, this approach and this strategy becomes all the more crucial.
“This company is a key part of the BIBD Group’s commitment to supporting the United Nations Sustainable Development Goals,” he said. The awards are evaluated by The Asset’s editorial board which collectively has decades of industry pricing reviews.
BIBD AM, Brunei’s first full-fledged syariah asset manager, provides global Islamic investment solutions through the local and in-house investment management team and strategic partnerships with global investment firms.
The recent award reflects BIBD AM’s commitment to support the financial plan of the Central Bank of Brunei Darussalam (BDCB) and the Brunei 2035 vision to foster growth in the Islamic finance and asset management industry.