NORRENBERGER ASSET MANAGEMENT
Our Halal Investment Options
The Islamic Fund
The Islamic Fund (NIF) is an open-ended unit trust scheme registered by the Securities and Exchange Commission (SEC). The Fund is targeted primarily at investors who have a short, medium to long term investment horizon with consciousness for their belief in Shariah principles and are seeking higher returns than typical Shariah fixed deposits but averse to the risk associated with equity investments.
Features
- Easy entry and easy exit (flexibility).
- Capital appreciation on your investment.
- Quarterly income distribution.
- Diversified portfolio in sharia compliant instruments.
- Redemption takes 2-3 working days.
- Online access to monitor fund performance.
- Minimum subscription amount: N5,000.00 and subsequent investment contribution as low as N1,000.00.
- Current price of N102.7024 and yield of 9.69% as at 27.09.22
Halal Investment Note
The Norrenberger Halal Investment Note (HIN) is a short to medium term shariah-compliant product based on the principle of Mudaraba (Partnership). It allows customers to earn a profit on their investment, which is usually higher than the profit earned on a regular non-interest account.
This is a product that invests in carefully selected Naira (N) and Dollar ($) Shariah compliant instruments such as Murabaha, Ijarah, Sukuk Bonds, Shariah Compliant Mutual Funds, and Fixed-Term Shariah Complaint Contracts to provide liquidity, competitive returns, and safety of funds.
Profit made from investments is distributed periodically according to a profit-sharing formula between the customer and the fund manager. In case of loss, the total loss will be shared between the fund manager and the investor/partner.Features
- Competitive Return on Investment.
- Investments are based on Shariah principles.
- The Halal Investment Note is available in 90 days to 5 years tenor.
- Investment can be rolled over at maturity
- The minimum investment amount is N100,000.00 and $2000
- Early termination or part termination is allowed with a charge to the accrued profit only (25%)
- Returns are distributed based on the profit made at maturity of investment.
Shariah Compliant Investments
Norrenberger offers clients the platform to invest in Shariah Complaint Equities directly through Norrenberger Securities Limited or indirectly through a portfolio. A larger portion of funds will be allocated to Shariah compliant equities and other distributed between Fixed term placement and Sukuk Bonds.
Sukuk
These are certificates of equal value representing undivided shares in the ownership of tangible assets or special investment activity. The holder of the certificate is entitled to receive periodic return from the underlying asset.
Ijarah
These are contracts for the lease of certain Shariahcompliant assets to customers. The investor earns rent by charging rentals on the asset leased to the lease.
Mudarabah
This means an agreement between two parties, wherein one party provide the capital (Rab al-mal) and the other party (Mudarib) provide his entrepreneur skill for the venture and profit is shared between the according to pre-agreed ratio.
Features
- Easy entry and easy exit (flexibility).
- Capital appreciation on your investment.
- Dividend payment from companies
- Diversified portfolio in sharia compliant instruments.
- Online access to monitor fund performance.
Murabaha
This is the sale of good at the purchase price plus a margin of profit (mark-up) agreed upon by the parties concerned.
Musharaka
This is a business contract between two or more parties (partnership) where all parties provide capital to finance the business. The profit from the business is shared based on a pre-agreed ratio while loss (in case any) will be shared on the basis of capital contribution.
Istisna
This is a contractual agreement for the manufacturing of a good (or construction of project including houses, roads, Aeroplanes etc) allowing cash payment in advance and future delivery of the project or a future payment and future delivery of project.
