Sharia-compliant fund: Afrinvest unveils N2.5b

Ifeyinwa Susan Francis

The Securities and Exchange Commission (SEC) has unveiled the Afrinvest Halal Fund. This totalled a public offer size of N2.5 billion.

This was designed for investors who wish to grow their wealth following Islamic principles.

This was disclosed by Daily Trust on 25th of July, 2025

The Fund was supervised by the Advisory Committee of Experts (ACE). The ACE issues a certificate of compliance annually. This ensured the Fund’s alignment with Shari’ah ethical standards.

Afrinvest Group Managing Director stated that the Halal fund provided opportunities for diversification.

He said, “We are delighted to launch this product because there is a latent market for ethical funds. As you saw from the recent issuance of the 7th series of the Sukuk fund by the federal government.

The fund was launched for N300bn and the subscription was nearly N2 trillion.

Demand for Sharia-compliant, faith-based investment options. So Afrinvest is joining this market to provide investors with the investment they need.”

Chioke assured prospective investors that they can access their money anytime even before liquidation, adding that the Halal fund creates a window for investors to manage their investment following Sharia bonds.

According to the assets manager, the Fund is targeted at all classes of investors especially investors with faith-based shariah principles for income generation.

Highlighting the benefit, Afrinvest said the Fund is not only timely but strategic, offering several key advantages including Shari’ah Compliance by providing access to investment opportunities that align with Islamic values — excluding interest-based services, alcohol, gambling, weapons, pork, tobacco, and adult content.

It also provides for ethical Income Generation through profit-sharing and halal asset-backed investments while exposing investors to a mix of asset classes across compliant sectors.

“The Fund is open to all categories of investors – who seek ethical, interest-free investment opportunities.

The Fund is open-ended, offering flexible entry and exit. Subscribers may redeem their investment at any time after the 90-day lock-in period, with payouts processed within 5 business days,” the firm said.