In a bid to provide investors with investment options that improve financial inclusion and align with ethical beliefs, FBNQuest Asset Management, a subsidiary of FBN Holdings recently launched the FBN Halal Fund.
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 unitholders 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.” he added.
The minimum investment required to invest in the FBN Halal Fund is N5,000.00 (five thousand naira only), 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. To find out more about the FBN Halal Fund and other FBNQuest Mutual Funds products, please follow FBNQuest on or visit the website https://beyondtoday.fbnquest.com/.
About FBNQuest Asset Management
FBNQuest Asset Management is a leading asset manager in Nigeria for individual and institutional investors. A subsidiary of the FBNQuest group, it offers a range of investment products and services, with strategies spanning various asset classes and sectors. The firm guides its clients through Africa’s dynamic markets, and identifies the best opportunities that shape their portfolios.
Offering specialist portfolio and fund management services, the firm manages investment accounts for high-net-worth individuals and institutional clients; including insurance companies, pension funds, public and private mutual funds, endowment and charity funds, as well as segregated and special accounts.