Regulated
by the Securities and Exchange
Commission (SEC), the FBN Halal Fund is an open-ended mutual fund designed
to meet the needs of investors seeking long-term income generation, as it
offers an opportunity for exposure to a broad range of fixed income
Shariáh-compliant investments.
The
FBN Halal Fund is an open-ended fund, which offers a key benefit of providing
flexibility and liquidity for investors with ease of entry and exit. Returns
from the fund will be distributed to unit holders semi-annually.
In
order to provide investors with confidence regarding strict adherence to
Shariáh principles, the FBN Halal Fund will adopt a best practice approach with
its governance structure through a Shariáh Advisory Council of Experts, an
Investment Committee, a Custodian, and a Trustee.
Commenting
on the product launch, Ike Onyia,
the Managing Director of FBNQuest Asset Management, stated that, “The FBN Halal Fund will be actively managed under Islamic
finance principles, a respected Shariáh advisory council of experts and our
seasoned portfolio managers who are guided by valuable experience. The Fund was
introduced based on the need to create value-driven connections with our
clients. Being a member of one of the strongest and most dependable financial
groups in Africa, our goal is to constantly provide a wide range of solutions
to support the evolving needs of our partners, and the opportunities for
diversification through this Fund further affirms our client-centric approach
to service delivery.”
The
minimum investment required to invest in the FBN Halal Fund is N5,000 and the fund will offer
investors an opportunity to tap into a diversified suite of products that are
in accordance with their values and religious beliefs. It will also provide
attractive returns comparable to conventional finance without dealing in
investments that are non Shariáh-compliant.
FBNQuest
Asset Management’s Mutual Funds portfolio has continued to perform strongly on
a year-to-date basis. The organisation offers a number of mutual funds which
are accessible to all types of investors based on their risk appetite and
investment. (Business Post)
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