Investing Through Islamic Finance Products and Index
The increased demand for non-interest assets in Nigeria is a welcome development in the capital market, as it would allow for further asset creation along the following lines; Sukuk, Shariah-compliant Private Equity Funds, Shariah-compliant Open/Closed Funds, Alternatives (Commodities, etc), Shariah-compliant Money Market Instruments, Shariah-compliant ordinary shares, and Shariah-compliant infrastructure funds.
Ethical or Islamic investors now have access to a wide variety of investable assets. Some of the areas that are being explored include real estate and commodities. Asset managers have also recognized the growing opportunities in Islamic finance and launched mutual funds with increasing specialization to cater to investor needs.
This edition of the Islamic Finance Weekly anchored by Bukola Akinyele-Yisau features Mr. Ndako Mijindadi, Head, Investment and Research, Lotus Capital Limited as he provides insight into the topic "Investing Through Islamic Finance Products and Index". According to him the Total market capitalization of Shariah-compliant stocks in the Nigerian Capital market stands at over N11trn.