Lion Global Investors (LGI) and BIBD Securities have introduced the Lion-BIBDS Islamic Income & Growth Fund, a Shariah-compliant multi-asset fund aimed at providing regular income and long-term capital appreciation. This marks the second collaboration between the two firms, expanding Islamic investment solutions for investors in Singapore, Brunei, and beyond.
The fund employs an actively managed strategy, allocating approximately 70% to Shariah-compliant global equities and 30% to fixed income instruments. This approach aims to capture growth opportunities whilst ensuring income generation and capital preservation. The portfolio may also include cash, cash equivalents, and Islamic liquidity funds to maintain liquidity and adapt to market changes.
Investors have the option to choose between accumulation or quarterly income distribution, with all distributions undergoing a Shariah-guided dividend purification process. The fund may also invest in Shariah-compliant collective investment schemes and exchange-traded funds (ETFs), including a small allocation to gold ETFs for diversification.
Teo Joo Wah, CEO of Lion Global Investors, stated, “The launch of the Lion-BIBDS Islamic Income & Growth Fund reflects our continued commitment to broadening access to high-quality, values-aligned investment solutions.” Jason Wong, Managing Director of BIBD Securities, added, “This second collaboration with Lion Global Investors reflects our shared commitment to expanding access to quality Shariah-compliant investments.”
Endorsed by the BIBDS Shariah Advisory Body, the fund is managed by a team with an average of 26 years of investment experience. It aims to help investors achieve long-term financial goals whilst adhering to Islamic principles.
