Adebayo Obajemu

FBNQuest has finally launched FBN Halal Fund in its drive to provide investors with investment options that improve financial inclusion and align with ethical beliefs.

FBNQuest Asset Management, is a subsidiary of FBN Holdings .

Regulated by the Securities and Exchange Commission (SEC), the  FBN Halal Fund is an open-ended mutual fund packaged to attend to the needs of investors looking for long-term income generation, as it provides an opportunity for exposure to a broad range of fixed income Shariáh-compliant investments.

The  Fund is said to have a key benefit of providing flexibility and liquidity for investors with ease of entry and exit. Returns from the Fund will be distributed to unit holders 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.

Speaking 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 (faith-based Investment), a respected Shariáh advisory council of experts and our seasoned portfolio managers who are guided by valuable experience”.

“The Ethical 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.

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