Regulated by Capital Markets Authority (CMA) and the Office of the Data Protection Commissioner Kenya (ODPC)

Halal Funds: A New Investment Opportunity – Ndovu

Regulated by Capital Markets Authority (CMA) and the Office of the Data Protection Commissioner Kenya (ODPC)

Halal Funds: A New Investment Opportunity

Halal Funds: A New Investment Opportunity

Halal Funds

Investing is no easy feat for investors following the Islam religion. It isn’t as easy as taking a top recommendation from a financial advisor. For an investment to align with Shariah laws, it must exhibit a plethora of qualities, including environmental and ethical considerations – and excluding interest and excessive debt.

Published data from the Kenya National Bureau of Statistics show that in 2019, over 10 percent of the Kenyan population are Muslims. This number is expected to grow over the years. As such, the demand for investment options for the members of the Kenyan Muslim community will continue to rise.

Fortunately, many companies offer professionally managed investment solutions that align with the Shariah principles and are certified Shariah-compliant by the Islamic body in Kenya. Ndovu Halal Fund is one such example.

Halal Funds: Considerations of Shariah-Aligned Investing

Generating good returns is always a priority for most funds that abide by the Shariah principles. Still, there are other considerations.

Islamic funds are required not to invest in companies that derive over 5 percent of their total income from pork products, pornography, alcohol sales, gambling, and other activities of companies prohibited by the Muslim faith.

Also, for any small income that is derived from non-compliant sources (such as interest, for instance), investors are required to purify this income by making an equivalent charitable donation.

This is why a Shariah board is usually appointed for annual auditing, and the report on the purification ratio is usually presented to investors.

Providing Options for Muslim Plan Members

Unlike their counterparts, Muslim investors have had limited options in regard to investment opportunities that align with their beliefs. Funds that invest using the Shariah approach can offer a solution to those looking to park their cash in investments that go in line with their religious or personal beliefs.

Nonetheless, of great significance is that these Shariah-compliant investment solutions provide an opportunity for all investors to diversify their portfolios and maximize their returns.

That’s one of the reasons Ndovu introduced the Ndovu Halal Fund as a solution for Muslims and anyone looking to invest in Islamic funds. Ndovu did so to help investors who have always had limited investment options have greater access to financial opportunities.

Ndovu listened to you and other stakeholders, who recognized this opportunity and saw its value to investors. With Ndovu Halal Funds, you can now invest in different instruments and government securities, among others.

With the Ndovu Halal Fund, you can build a diverse portfolio with broad equity and fixed income-like exposure and align your investment goals with your religious values. This fund creates significant opportunities for underserved and often-overlooked investors, especially the new entrants into the world of investing.

You are no longer limited to investments that do not meet your needs. Ndovu Halal funds make investing and saving for a goal more easily accessible to every able investor.

Get started here. If you have questions about your portfolio or how this approach can support your investing program, don’t hesitate to contact us today.

Leave a Reply

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

Share the Post:

Related Posts

Fatma Noor's experience showcases the value of ndovu's Halal Fund in empowering individuals to pursue financial growth through ethical and Shariah-compliant investments....
Are you looking for a safe and convenient way to grow your savings in Kenya? Have you heard of money market funds...
Different investment avenues offer unique opportunities and advantages, making it essential for investors to evaluate their options carefully. In this blog post,...

ndovu is a regulated roboadvisory platform owned and run by Ndovu Wealth Limited (“Ndovu”). Ndovu is licensed by the Capital Markets Authority (Kenya) as a Fund Manager and is also regulated by the Institute of Certified Investment & Financial Analysts (ICIFA), the Communications Authority, and the Nairobi Securities Exchange. Ndovu is a registered trademark.” “Investment involves risk. The value of investments and the income from them can go down as well as up and you may not get back the amount originally invested.”

Last Updated: April 15th 2021 These terms of use (“Terms and Conditions”) mandate the terms on which the users (“You” or “Your” or “User”) access and register on the website and/or mobile application ‘Ndovu’ operated and managed by Ndovu Inc., its affiliates and its group entities, together referred to as “Company” or “We” or “Us”, collectively referred to as, “the Platform”. Ndovu is a registered trademark of Ndovu wealth Limited. Advisory services provided by Ndovu wealth Ltd, a CMA-registered investment adviser. US-traded securities are provided to Ndovu users by Interactive Brokers LLC, a regulated member of FINRA/SIPC. Interactive Brokers is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochure available upon request or at Investments in securities: • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Ndovu wealth Ltd charges and expenses. Ndovu wealth Ltd’s internet-based advisory services are designed to assist clients in achieving discrete financial goals. They are not intended to provide comprehensive tax advice or financial planning with respect to every aspect of a client’s financial situation and do not incorporate specific investments that clients hold elsewhere. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature. Not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where Ndovu wealth Ltd is not registered. For further details see our Legal Disclosures. By using this website, you accept our (Terms of Use) and (Privacy Policy) and (Data Protection Policy).