This Ethical Fund is suitable for Islamic investors who want long-term capital growth by investing strictly according to the principles of Islamic finance and ethical values
– Achieve long-term capital growth
– Invest according to core Islamic values and beliefs
What the fund invests in?
- Real estate: 20%-60%
- Other investments: 10%-30%
The Fund invests only in investments screened by a Shari’ah Advisory Board. The Fund will not invest in any company that involves interest-bearing transactions, gambling, alcohol and tobacco, arms and ammunition or adult entertainment.
Minimum initial investment: N10,000
Minimum additional investment: N5,000
The ARM Ethical Fund fund only invests in investments screened by a Shari’ah Advisory Board. The fund will not invest in any company that involves interest-bearing transactions, gambling, alcohol and tobacco, arms and ammunition or adult entertainment.
Type of Fund: Open-ended. This simply means that you can sell or buy into the Fund whenever they want.
Management Type: The Fund is managed on a discretionary basis, which simply means that the fund manager can take decisions to buy and sell assets without referring to the clients for every transaction
Management Fees: 1.5% of Net Asset Value (NAV) of the Fund
Fund Manager: ARM Investment Managers
Trustee: Royal Exchange Plc.
Registrars: United Securities Ltd.
Investment Tracking: Access to investment account online
Custodian: Citibank Nigeria Limited
Payment Options: Online Payment is available via the online portal and you can set up a standing instruction with your bank for periodic payments
How to Begin:
You would need the following:
- Attach copies of your passport photo
- Copy of picture page of identification(e.g. International Passport, Driver’s License)
- Evidence of payment (teller or transfer receipt),
- Utility bill (for minors, a scanned copy of parent’s ID, Utility bill and minor’s birth certificate.)
If you don’t want to buy now, you can download our form here.