Financial literacy

Youth investment challenge aimed at improving financial literacy

Lyna Mohammad

BIBD Securities Sdn Bhd (BIBDS) is about to organize an investment challenge aimed at improving the financial literacy of young people in the field of investment.

The six-month challenge begins June 15 and promises a competitive yet fun environment.

Participants will gain a better understanding of the benefits of investing and the virtue of a disciplined approach through hands-on experience. 10 teams, each with two to three participants, are ready to take on the challenge, made up of undergraduate students from higher education institutions such as Universiti Brunei Darussalam (UBD), Universiti Teknologi Brunei (UTB) , Universiti Islam Sultan Sharif Ali (UNISSA), Kolej International Graduate Studies (KIGS) and Laksamana College of Business (LCB) Brunei.

BIBDS Head of Strategy and Business Development, Pengiran Ashrin bin Pengiran Mohd Zaidi, said investor education, especially among young people, has been at the forefront of BIBDS’ activities and is part of efforts to creating a culture and awareness of investing in an informed and Sharia-compliant society. way

“This very first investment challenge is one of our many efforts to support the national vision in developing its Islamic capital market industry, as well as part of the Bank Islam Brunei Darussalam Group (BIBD) commitment. ) to support the United Nations Sustainable Development Goals (UNSDGs) as we engage societies, and for our financial system to grow in more valuable and sustainable ways,” he said.

The photos show the participants during a group photo and the participants during last week’s briefing. PHOTOS: BIBD

A simulation capital of BND 10,000 will be given to each team to be invested or allocated in a Sharia-compliant investment universe, which includes asset classes such as equities, fixed income securities, commodities , real estate and cash. Teams will strive for the best risk-adjusted returns during the investment challenge period.

The challenge is set to end in December with cash prizes and trophies up for grabs.

Participants were recently briefed on the challenge format and introduced to mentors in an information session, ahead of the challenge starting next week.

BIBDS launched a new Sharia-compliant ESG fund last year, which is part of the BIBD Group’s sustainability framework. The new fund is suitable for those looking to invest in products that promote sustainable economic growth, in line with the global commitment to the UNDSDG.

Having been listed as a signatory to the United Nations Principles for Responsible Investment (UN PRI), BIBDS aims to become the national champion for ESG and socially responsible investing in Brunei.

A wholly owned subsidiary of the bank, BIBDS was established in 1993 and is the first securities company in Brunei to provide Shariah-compliant solutions to retail and institutional investors as well as brokerage services for securities listed on the stock markets of Malaysia and Singapore.