By Goddy Egene
Norrenberger, a financial services group, has launched its Islamic Fund, an ethical investment aimed to meet the diversified investment needs of clients in alignment with ethical beliefs and practices as part of the company’s strategic efforts to improve financial inclusion in Nigeria.
According to the company, Norrenberger Islamic Fund, registered by the Securities and Exchange Commission (SEC) is an open – ended mutual fund designed to provide investors with a low-risk investment option with stable and competitive returns in short, medium, and long term Shariah-Compliant securities.
It also ensures the preservation of capital and maintenance of liquidity as subscribers can expect halal profits on the growth of their capital over the long-term in accordance with the principles of Islamic finance.
Commenting on the launch of the product, the Managing Director/CEO, Norrenberger Investment and Capital Management Limited, Mr Tony Edeh, said: “The fund is targeted primarily at investors who have a short, medium to long-term investment horizon with a consciousness for belief in the Shariah principles and are seeking higher returns than the typical Shariah fixed deposits, but averse to the risks associated with directly investing in equity.”
He explained that the objective of the fund is to provide investors with the opportunity to invest in a professionally managed portfolio of Shariah compliant assets.
“I am confident in our team of highly qualified and experienced financial advisors to guide our clients on the right path to financial freedom,” he said.
Norrenberger is an industry leading, integrated financial services group which provides individuals and institutions with a comprehensive range of financial products and services including Investment banking, asset management, venture capital, financial advisory, structured finance and securities trading; tailored to meet and exceed our client needs and expectations.