• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Lotus Capital’s N1.49 billion fixed income fund gets NSE nod

Fikayo Owoeye by Fikayo Owoeye
June 13, 2018
in Business News, Funds Management, Markets, Securities
Lotus Capital

Hajara Adeola, CEO of Lotus Capital. Photo: CNN

Share on FacebookShare on TwitterShare on Linkedin

The Nigerian Stock Exchange (NSE) has given Lotus Capital Halal Investments Limited clearance to list its 1,486,877 units of Fixed Income Fund at N1,000 each on the memorandum board of the NSE.

This is sequel to the approval by Lotus Capital’s Shari’ah Advisory Board as well as the Securities and Exchange Commission (SEC).

What this means

The fund is an open-ended collective investment scheme which invests strictly in Shari’ah-compliant fixed income instruments and contracts such as sovereign and sub-sovereign sukuk, corporate sukuk, Shari’ah-compliant fixed-term investments, Murabaha (cost-plus financing) contracts and ijarah (lease) contracts.

RelatedStories

No Content Available

The Shari’ah compliant nature of the Fund ensures that all investments are ethical. Therefore, it is not invested in interest-bearing instruments such as treasury bills, conventional bonds or conventional bank deposits. Likewise the stock market in order to avoid the associated volatility.

The primary objective of the Fund is to generate competitive returns on investment in a Shari’ah Compliant manner whilst ensuring capital preservation. The objective will be realised through investments in a carefully selected and well-diversified portfolio of Shari’ah-compliant fixed income instruments and products while leveraging on the bargaining power from pooling funds to earn competitive returns.

According to the company, the Lotus Capital Fixed Income Fund projects a Return on Investment (ROI) of 15 percent for 2018.

The fund return will be determined by the performance of the underlying assets and therefore, may deviate significantly from the forecast. Notwithstanding, the Fund intends to distribute 80% of its returns to investors on a quarterly basis.

Recently, Lotus Capital received a Technical Assistance Grant of $250,000 from Enhancing Financial Innovation & Access (EFInA) to support the its “Lotus Health is Wealth Savings Plan”.

The plan is a dynamic non-interest, fixed income savings product that offers health insurance. The Plan is structured around monthly collections of deposits from customers which will be invested in non-interest, low-risk instruments, and non-interest fixed term investments to give customers returns on their savings.

Managing Director, Lotus Capital, Mrs. Hajara Adeola, noted that the company will strive harder to maintain its integrity by offering present and future customers innovative and rewarding investment products without violating their religious beliefs or personal values.

She further disclosed that the fund is structured in line with the tenets of Islam, having various checks and balances that ensures that it is not used for prohibited activities.

Lotus Capital is a full-service, Halal investment management company specializing in Shari’ah compliant asset management, private wealth management, and financial advisory services. Lotus Capital was founded in June 2004 with the specific objective of meeting the investment needs of ethical individuals, businesses, and organizations across West Africa.

Lotus Capital is duly registered with the Securities & Exchange Commission (SEC) as Fund Managers, Corporate Investment Advisers, and Issuing House.

Lotus Capital is the first company in Nigeria to provide exclusive Islamic financial services. It established the first Shari’ah compliant mutual fund in 2008, structured the first sub-sovereign sukuk in 2013 and launched the first Shari’ah compliant Exchange Traded Fund in 2014.

The company is a member of the Islamic Financial Services Board, an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry.


Follow us for Breaking News and Market Intelligence.
Tags: Fixed Income FundLotus Capital Halal Investments Limited
Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

Related Posts

No Content Available
Next Post
United Capital

Here is the new United Capital GCEO

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Nigeria urgently needs PPPs’ intervention to address country’s $2.3tn Infrastructure Gap – ICRC 
  • Food Price: Dry onions up 17.65%, pepper down 29.41% as Lagos markets swing in June 2025 
  • Nigeria launches ASIF Investment Platform to drive cross-border financing in infrastructure across Africa 

Follow us on social media:

Recent News

Nigeria urgently needs PPPs’ intervention to address country’s $2.3tn Infrastructure Gap – ICRC 

Nigeria urgently needs PPPs’ intervention to address country’s $2.3tn Infrastructure Gap – ICRC 

June 17, 2025
Food Inflation, Insecurity, Supply Chain Issues,

Food Price: Dry onions up 17.65%, pepper down 29.41% as Lagos markets swing in June 2025 

June 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics