MARKET INSIGHT — Growing Appetite for Ethical Investments in Nigeria!
Investors are showing increasing interest in Sharia-compliant and ethical investment products, and Afrinvest is stepping up to meet this demand!
At the official launch of its latest product — Afrinvest Halal Fund, the Group Managing Director, Ike Chioke, revealed that faith-based and ethical investing is gaining momentum in Nigeria.
What is the Afrinvest Halal Fund?
• ✅ An open-ended unit trust scheme — investors can join or exit after a 90-day lock-in period.
• Offers 25 million units at ₦100 per unit, totaling a ₦2.5 billion public offer.
• Fully Sharia-compliant, certified annually by a reputable Advisory Committee of Experts.
• Focuses on ethical investments — no funding for industries like weapon manufacturing or adult content production.
Key Highlights from the Launch:
Ike Chioke (GMD, Afrinvest):
“There’s a clear appetite for ethical investment. This isn’t just for Muslims — Christians and others also want their money aligned with their values.”
Chris Omoh (MD, Afrinvest Asset Management):
“Our goal is to return maximum profit to investors while staying true to ethical guidelines.”
Mustakeem Thanni (Sharia Analyst, Marble Advisory Ltd):
“The market for Sharia-compliant investments is still small. We need more entrants to give investors diverse faith-aligned options.”
Foluso Ogundele (Zenith Bank, Fund Custodian):
“Our role is to safeguard fund assets and boost investor confidence.”
Abiodun Keripe (MD, Afrinvest Research & Consulting):
“With 30 years of fund management experience, this product brings professionalism and deep market insight to ethical investing.”
Why It Matters:
• Recent oversubscription of the FGN Sukuk (735% over N2.21 trillion!) shows strong demand.
• Investors want more than profit — they want principled growth.
• Backed by seasoned fund managers and Sharia experts.
This is a bold step toward inclusive finance, offering options for both Muslim and ethically-conscious investors across Nigeria.
Investors are showing increasing interest in Sharia-compliant and ethical investment products, and Afrinvest is stepping up to meet this demand!
At the official launch of its latest product — Afrinvest Halal Fund, the Group Managing Director, Ike Chioke, revealed that faith-based and ethical investing is gaining momentum in Nigeria.
What is the Afrinvest Halal Fund?
• ✅ An open-ended unit trust scheme — investors can join or exit after a 90-day lock-in period.
• Offers 25 million units at ₦100 per unit, totaling a ₦2.5 billion public offer.
• Fully Sharia-compliant, certified annually by a reputable Advisory Committee of Experts.
• Focuses on ethical investments — no funding for industries like weapon manufacturing or adult content production.
Key Highlights from the Launch:
Ike Chioke (GMD, Afrinvest):
“There’s a clear appetite for ethical investment. This isn’t just for Muslims — Christians and others also want their money aligned with their values.”
Chris Omoh (MD, Afrinvest Asset Management):
“Our goal is to return maximum profit to investors while staying true to ethical guidelines.”
Mustakeem Thanni (Sharia Analyst, Marble Advisory Ltd):
“The market for Sharia-compliant investments is still small. We need more entrants to give investors diverse faith-aligned options.”
Foluso Ogundele (Zenith Bank, Fund Custodian):
“Our role is to safeguard fund assets and boost investor confidence.”
Abiodun Keripe (MD, Afrinvest Research & Consulting):
“With 30 years of fund management experience, this product brings professionalism and deep market insight to ethical investing.”
Why It Matters:
• Recent oversubscription of the FGN Sukuk (735% over N2.21 trillion!) shows strong demand.
• Investors want more than profit — they want principled growth.
• Backed by seasoned fund managers and Sharia experts.
This is a bold step toward inclusive finance, offering options for both Muslim and ethically-conscious investors across Nigeria.