Section 22

Permitted investments

ActIn forceProvision 22 of 86

(1)

The Corporation may invest in —

(a)

any stocks, funds, shares or securities in companies incorporated or operating in Brunei Darussalam; and

(b)

any investment in any entity or instrument of issuers based in any other country or territory alternating or originating in any other currency, including —

(i)

any obligation of a corporation, commercial bank or a bank-holding company, asset-backed security and mortgage-backed security issued or unconditionally guaranteed by a corporate entity or trust; any repurchase and reverse repurchase agreement with a major commercial bank or a primary dealer;

(ii)

futures, forwards, options contracts or swaps on any investment which are traded on an exchange;

(iii)

any security listed and traded on an exchange;

(iv)

any exchange-traded funds, instruments that provide exposure to market indices for any investment, a private equity fund and a hedge fund;

(v)

any Islamic financial instrument;

(vi)

any bullion, commodity and currency;

(vii)

any other specific investment not included in this subsection as may be approved by the Corporation.

(2)

Any investment from the fund shall be in accordance with

Hukum Syara’.

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