FBNQuest Launches FBN Halal Fund for investors MWorld FEATURES, NEWS FBNQuest Asset Management, a subsidiary of FBN Holdings following it bid to provide investors with investment options that improve financial inclusion and align with ethical beliefs, has announced the launch of the FBN Halal Fund. Regulated by the Securities and Exchange Commission (SEC), the FBN Halal Fund is an open-ended mutual fund designed to meet the needs of investors seeking long-term income generation, as it offers an opportunity for exposure to a broad range of fixed income Shariáh-compliant investments. The FBN Halal Fund is an open-ended Fund, which offers a key benefit of providing flexibility and liquidity for investors with ease of entry and exit. Returns from the Fund will be distributed to unitholders semi-annually. However, 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”. Onyia added;“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” . The minimum investment required to invest in the FBN Halal Fund is N5,000.00 (five thousand naira only), and the Fund will offer investors an opportunity to tap into a diversified suite of products that are in accordance with their values and religious beliefs. It will also provide attractive returns comparable to conventional finance without dealing with investments that are non-Shariáh-compliant. FBNQuest Asset Management’s Mutual Funds portfolio has continued to perform strongly on a year-to-date basis. The organisation offers a number of mutual funds that are accessible to all types of investors based on their risk appetite and investment. In finding out more about the new product for investors and also other FBNQuest Mutual Funds products, please follow FBNQuest on social media or visit the website https://beyondtoday.fbnquest.com/.