BANDAR SERI BEGAWAN: The awarding of Bank Islam Brunei Darussalam (BIBD) as ‘Best Bank for Islamic Wealth Management Solutions in Brunei Darussalam for 2026’ by the Cambridge Islamic Funds Awards (CIFA), marks the bank’s third consecutive win.
The continued recognition reinforces BIBD’s leading position in Islamic finance and its strong track record in delivering innovative, syariah-compliant wealth management solutions to its customers and stands as a testament to its unwavering commitment to delivering innovative and reliable Islamic wealth management solutions.
BIBD, through its subsidiary BIBD Securities (BIBDS), offers a comprehensive suite of fully syariah-compliant wealth management products, carefully tailoring its services to meet the evolving financial goals of its customers, an approach that not only enhances individual financial resilience but also supports the broader sustainability of the financial ecosystem.
The Awards Committee’s decision to honour BIBD followed extensive deliberations, which evaluated various financial institutions in Brunei before selecting BIBD based on its adherence to the CIFA methodology that emphasises impartial performance measurement, rewarding funds that consistently deliver strong returns while upholding strict compliance with syariah principles.
Institutions are also recognised for their innovation in asset management and their steadfast commitment to ethical and transparent investment practices.
“Securing this award from the CIFA for the third consecutive year reaffirms the profound trust our customers place in us. This recognition highlights our sustainable approach to syariah-compliant wealth management, delivered through BIBD Securities with innovation and integrity at the core,” said Managing Director and Chief Executive Officer Junaidi Masri.
“We prioritise long-term value creation, ethical practices, and client-centric solutions that foster financial resilience amid evolving markets. Customer confidence drives our success, as we remain committed to sustainable growth, empowering Bruneians’ prosperity while upholding environmental and social responsibility,” he added.
The Lion-BIBDS Islamic Enhanced Liquidity Fund, managed by BIBDS, was also recognised as the ‘Best Islamic Fund in Brunei Darussalam 2026’, highlighting the bank’s excellence in syariah-compliant investment products.
“We at BIBD Securities are profoundly honoured to receive this prestigious recognition from the Cambridge Islamic Funds Awards for our Lion-BIBD Islamic Enhanced Liquidity Fund," said BIBDS Managing Director Jason Wong. "This accolade highlights our unwavering commitment to excellence, delivering innovative, syariah compliant financial solutions tailored to our clients’ evolving needs.”
He added that it further reaffirms BIBD Securities’ dedication to the highest standards of integrity, governance, and professionalism in the Islamic finance industry and they remain steadfast in their mission to create sustainable value for clients, stakeholders, and Brunei’s financial ecosystem, driving long-term prosperity through ethical and reliable investment options.
Launched in March 2024, the Lion-BIBD Islamic Enhanced Liquidity Fund (LBIELF) is a syariah-compliant money market fund managed by Lion Global Investors and BIBD Securities, which aims to preserve capital, generate enhanced income with low risk, and offer high liquidity through a diversified portfolio of global short-term Islamic fixed income instruments like Sukuk, money market tools and deposits.
The awards were presented at the CIFA ceremony in Jeddah, Saudi Arabia, where over 150 global guests witnessed more than 30 accolades honouring top performers in Islamic finance. - Borneo Bulletin/ANN
