Afrinvest unveils interest-free, ethical investing fund

Afrinvest Asset Management has launched the Afrinvest Halal Fund, an open-ended unit trust scheme that invests in Shari’ah-compliant fixed-income instruments such as Sukuk (federal government, state and corporate), Shari’ah-compliant equities and other contracts.

The launch follows approval by the Securities and Exchange Commission, reinforcing Afrinvest’s commitment to inclusive investing.

The Fund offers for subscription 25 million units of N100 each at par, payable in full on application. Subscriptions are open to investors who meet the fund’s eligibility requirements, including retail as well as high-net-worth investors and corporates.

Speaking with the press during the launch of the Fund in Lagos, Manager of Afrinvest’s Kano Office, Mallam Kabir Ibrahim, stressed that the Fund creates a bridge between faith and finance, between belief and opportunity. According to him, the primary objective of the Fund is income generation for all investors.

“Afrinvest Halal Fund is built on a portfolio that reflects Islamic investment principles. Funds are invested in Sukuk, interest-free, asset-backed instruments,” Ibrahim explained. “Additionally, the Fund will invest in Shari’ah-compliant equities and contracts that adhere strictly to Shari’ah investment guidelines, supervised by a Shari’ah Advisory Board.”

Fielding questions from newsmen at the launch of the Fund, the Managing Director of Afrinvest Asset Management Limited, Christopher Omoh, outlined key benefits of the Halal Fund to include income generation, compliance, professional management supported by a dedicated Shari’ah Advisory Board, diversification, as well as free entry and exit.

“The Fund is open to both Muslim and non-Muslim investors seeking ethical, interest-free financial growth,” he further stressed.

The Group Managing Director of Afrinvest West Africa, Dr Ike Chioke, added that the firm was proud to be filling a significant gap in Nigeria’s investment space.

He said, “We are selling 25 million units at N100 each, and the interest we have seen from investors already confirms that the demand is real. There is a latent, underserved market for ethical investment options.

This fund is part of our larger strategy to provide accessible wealth-building solutions for all Nigerians.”

With low entry requirements, expert management and strong ethical oversight, the Afrinvest Halal Fund delivers a modern approach to long-term investment.

Referring to the Federal Government’s recent issuance of a N300bn Sukuk, which received over N2tn in subscriptions, Dr Chioke said the level of oversubscription “tells you all you need to know; Nigerians are ready for more faith-aligned, principled investment opportunities.”

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