11 articles tagged “Sukuk”

Beyond FGN Sukuk, the NGX Non-Interest Finance Board lists TAJBank, Family Homes Funds and Lagos State sukuk. What each is, what it pays, how a retail investor buys it, and where the risks differ from sovereign paper.

ARM runs two Shariah funds: the Sharia-Compliant Fixed Income Fund (N10,000 minimum, 1.5% fee, 90-day lock-in, 17.17% in 2025) and the N17bn Halal Balanced Fund. Holdings, costs and the ARM Money Market Fund problem.

The Lotus, Stanbic IBTC, ARM, United Capital and First Asset Shariah fixed income funds compared on minimum, fee, holding period, payout frequency, disclosure and the yield each manager actually publishes.

Retiring under the Contributory Pension Scheme forces three choices: lump sum size, programmed withdrawal or annuity, and where outside money sits. We set out the halal answer to each, using PenCom's own rules.

A fund-by-fund review of Stanbic IBTC Asset Management's two Shariah funds: what each holds, the N5,000 minimum, the 1.5% management fee, how to subscribe and redeem, and what the manager does not publish.

The FBN Halal Fund is now the First Asset Halal Fund: N5,000 minimum, 1.5% management fee, 90-day holding period, N157.44 a unit on 5 October 2026 and a 14.21% yield. What it holds and how it compares.
Seven sovereign sukuk since 2017, rentals of 11.20% to 19.75%, every naira accounted for, from N10,000. Why the sukuk programme became the benchmark Nigerian bank deposits refuse to compete with.
You can own Nigeria's sovereign sukuk two ways: subscribe directly during DMO offers from ₦10,000, or buy a fund that holds them year-round. The trade-offs are real and the right answer depends on what you need.
Seven FGN sukuk series have raised ₦1.3926 trillion since 2017, paying half-yearly rentals of 11.20% to 19.75%. How the programme works, how to subscribe from ₦10,000, and the honest caveats.
Nigeria now has 20 SEC-registered Shariah funds, a sovereign sukuk programme, an Islamic equity index and a non-interest pension fund. Here is the full halal investing toolkit, with verified numbers and honest caveats.
At ₦10 million the questions change: sukuk ladders, manager diversification, dollar exposure, satellite allocations and estate planning all become live. A verified, honest framework.