Singapore, August 10, 2024, The Europe Today: Bank Islam Brunei Darussalam (BIBD) Securities Sdn Bhd (BIBDS) has launched the SGD-Hedged share classes, both accumulation and distribution classes, for the Lion-BIBDS Islamic Enhanced Liquidity Fund in Singapore. This marks the first Brunei-managed investment fund to be introduced in the Singaporean market, expanding BIBDS’ international footprint.
This strategic launch allows clients, both locally and internationally, to subscribe to the fund in Singapore Dollars (SGD), in addition to the existing USD option. This new offering minimizes foreign currency risk, making the fund more accessible to a broader range of investors.
Present at the launch were BIBD Managing Director and Chief Executive Officer Junaidi bin Haji Masri, and BIBDS Managing Director Jason Wong. Their presence underscored the importance of this expansion in BIBDS’ ongoing strategy to diversify its investment offerings and meet the evolving needs of its clients.
“This launch is a significant milestone for BIBDS,” said Jason Wong. “It reinforces our commitment to providing innovative and client-centric investment solutions. By introducing the SGD-Hedged share classes, we enhance the fund’s accessibility to Singaporean and regional investors while effectively managing currency risk.”
He added, “This development reflects our expertise in fund management and our continuous efforts to address the diverse financial needs of our clients. Our team remains committed to delivering top-tier investment products that uphold the principles of Islamic finance while achieving optimal returns.”
The Lion-BIBDS Islamic Enhanced Liquidity Fund is designed to provide investors with a stable and enhanced liquidity solution, strictly adhering to Islamic finance principles. The launch in Singapore is a key component of BIBDS’ growth strategy, aiming to meet the increasing demand for Shariah-compliant investment options in the region.
