Islamic Investment
We’re offering a selection of unit trusts that are Syariah compliant
We’re offering a selection of unit trusts that are Syariah compliant
Standard Chartered Securities (B) Sdn Bhd (“SCSB”) is authorized by Brunei Darussalam Central Bank and Syariah Financial Supervisory Board to conduct Islamic investment business by operating an Islamic window.
that are Syariah-compliant
to fit your beliefs and values
selection process
We believe that investing is for everyone, on your own terms. Syariah compliant investing encourages a disciplined investment process that promotes in-depth security research and monitoring. It also encourages the ownership of assets, not debt. You may do so by investing into Syariah compliant unit trusts with us.
Islamic principles require investors to share in profit and loss, that they receive no interest (riba), and that they don’t invest in businesses that are prohibited (haram) by Islamic law. In addition to this, a company that has been evaluated to be Syariah compliant should have a level of debt and interest rate bearing securities below a certain threshold. The industries that Syariah compliant investing avoid are:
Often, it is not possible to avoid prohibited business activities entirely. In cases such as these, as per Syariah guidelines, Muslim investors must account for any income derived from all prohibited sources and then give it away to charity or someone in need. This process is known as “purification” or “cleansing” of tainted investment income. Islamic Unit Trust Manager will do this for you and ensure that the purification is done according to Islamic practices.
The Islamic investment we offer would receive an approval from the Syariah Advisory Body of the product provider, the Syariah Advisory Body of Standard Chartered Securities Brunei and the Syariah Financial Supervisory Board to give you peace of mind when investing to achieve your financial goals.
Syariah compliant investing has limitations that may potentially create risk. Investments purchased by funds must first pass a stringent Syariah compliance criteria to be considered Syariah compliant. The constructed halal portfolio may not be as well diversified as traditional portfolios, which may increase the risk of loss. The returns of a Syariah compliant portfolio are also subjected to conventional market risks.
Yang Mulia Dato Seri Setia Awang Haji Metussin Bin Haji Baki was a Syariah High Court Judge, Ministry of Islamic Affairs, Brunei Darussalam.
He holds a Bachelor of Syariah from Al-Azhar University, Cairo, Egypt and has completed Diploma in Administration of Islamic Law and Judiciary from International Islamic University Malaysia.
Dato Seri Setia Awang Haji Metussin is a renowned scholar who lends his expertise in various institutions and agencies which includes being a member of Brunei Islamic Religious Council, board member of Monetary Authority of Brunei Darussalam and member of Syariah Supervisory Board in Ministry of Finance Brunei Darussalam.
His expertise in Syariah appears through many research and book publication in various topics including Islamic Finance.
Dato Seri Setia Awang Haji Metussin has been appointed as a Syariah Advisory Body member of Standard Chartered Securities (B) Sdn Bhd since October 2022.
Yang Mulia Dr Haji Ahmad Lutfi bin Haji Abdul Razak is currently a Lecturer of Islamic Finance at the Universiti Brunei Darussalam School of Business and Economics (UBDSBE). His current academic and research interests are within the fields of Islamic Economics and Sustainable Finance. He has co-authored numerous articles in international, peer-reviewed journals and book chapters and has presented his work at international academic conferences. He received the President’s Award in recognition of achieving the best academic performance in the graduating class of 2019 for the Doctor of Philosophy in Islamic Finance at the International Centre for Education in Islamic Finance (INCEIF), Malaysia.
He is also an Academic Member of the National Macroeconomic Development Committee and a Focus Group Member of the Waqaf Empowerment Project for the Ministry of Religious Affairs.
He holds a Bachelor’s Degree as well as Master’s Degree in Economics from University of Warwick, United Kingdom. In 2019, he had obtained PhD in Islamic Finance from International Centre for Education in Islamic Finance, Malaysia.
Dr Haji Ahmad Lutfi has been appointed as a member of the Syariah Advisory Body of Standard Chartered Securities (B) Sdn Bhd since October 2022.
Yang Mulia Dr Haji Noralizam bin Haji Aliakbar is an Assistant Professor of Kolej Universiti Perguruan Ugama Seri Begawan (KUPU SB) (Seri Begawan Religious Teachers University College) and Dean of Syariah Faculty at KUPU SB. His area of expertise in Islamic jurisprudence (Fiqh) and Islamic finance includes jurisprudence of transactions (Fiqh Muamalat), Islamic entrepreneurship and Syariah Objectives (Maqasid Syariah) as well as Islamic Governance and Legislative Policy in Islam.
Being a scholar in Syariah, Dr Haji Noralizam actively participates in various primary research and by being a speaker in local and international seminars related to the Syariah and Fiqh Muamalat.
He received his Bachelor of Islamic Law (Syariah) (Hons) from Al-Azhar University, Cairo Egypt and later obtained Master and Ph.D in Islamic Law (Syariah), Specialisation in Fiqh and Usul Fiqh from University of Jordan, Amman Jordan (Field of research: Islamic Finance). Dr Haji Noralizam is the first Bruneian to obtain Doctor of Philosophy degree from the University of Jordan.
Dr Haji Noralizam has been appointed as a Syariah Advisory Body member of Standard Chartered Securities (B) Sdn Bhd since October 2022.
Standard Chartered Securities Gadong
G01-02, Wisma Haji Mohd Taha Building,
Jalan Gadong, Brunei Darussalam BE4119
Standard Chartered Securities Kuala Belait
Unit 1B, Lot 75, Wisma Hainan,
Ground & First Floor, Jalan Bunga Raya, Kuala Belait
The above mentioned investment products are not deposits with or other obligations of Standard Chartered Bank or any of its subsidiaries including Standard Chartered Securities (B) Sdn Bhd and are subject to risks. The price of the investment products may move up or down, and investors may not recover the amount they have invested. Past performance is no guide to its future performance. Neither the Bank nor its subsidiaries shall have any liability whatsoever to any investor for the loss which the investor may suffer as a result of the performance of any investment products. Investors should read the terms and conditions contained in the relevant offering documents and are advised to seek independent professional advice before making any investment decision. Investors should not base their investment decisions on the information in this web page alone. Investors should ensure they fully understand the risks associated with investment products and should also consider their own investment objective, time horizon and risk tolerance level.
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