Best Islamic fund manager 2025: BIBD Securities
BIBD Securities has distinctly set the benchmark for Islamic fund management in Brunei, showing competence and innovation in this intricate financial sector.
A testament to its robust growth and strategic expertise, BIBD Securities saw its total assets under management grow in the double-digit percentage points range, primarily fuelled by the returns from sukuk portfolios.
In a pioneering stride, BIBD Securities launched the Lion-BIBDS Islamic Enhanced Liquidity Fund in March 2024, marking several firsts in the realm of Islamic finance. It became Brunei’s first mutual fund, the first global Shariah-compliant enhanced liquidity fund and, notably, the first Shariah-compliant fund domiciled in Singapore. By the end of 2024, this innovative fund had amassed $52.63 million in AUM and outperformed its benchmark significantly with a yield to maturity of 5.31%.
Underpinning its commitment to Islamic finance, BIBD Securities is guided by a Shariah advisory board (SAB) consisting of respected local Muslim scholars. This board oversees the Shariah compliance of all operations, ensuring that financial activities align with Islamic law and ethics. The presence of distinguished figures in the board, such as Dr. Hj Mohd Aidil Yusrie and Dr. Amnisuhailah binti Abarahan, assures meticulous oversight and authenticity in all financial offerings.
The accomplishments of BIBD Securities in Islamic fund management signify more than just financial growth; they represent a pioneering spirit in fostering ethical financial practices in Brunei and beyond.
