BIBD Launches Shariah-Compliant ESG Fund to Encourage Sustainable Economic Growth

Bank Islam Brunei Darussalam (BIBD) Securities held an online preview for the inauguration of the new Shariah-compliant environmental, social and corporate governance (ESG) fund, announcing its public launch to be on the 6th of December 2021. The fund is aimed at attracting investors supporting products which promote sustainable economic growth.

Why it Matters?

Haji Muhammad Yazid bin Dato Paduka Haji Mahadi, Managing Director of BIBD Securities said they intend to promote ESG as well as encourage socially responsible investments in conformity with Maqasid al-Shariah principles in Brunei. The inauguration of the ESG fund is a part of the initiative towards the achievement of a greater obligation towards sustainability. Nicholas Stott, Director, Arabesq...