Salam alaykum Ladies.
Its time to buckle up, take charge and focus on our finances! Today we’ll be introducing the Lotus Halal Fixed Income Fund! It’s the first Shariah Compliant Fixed Income Fund issued by Lotus Capital Limited through an initial offer for subscription.
We met up with Karimat Kekere-Ekun, Head of Operations, to discuss all we need to know about the Fund.
We believe every area of our lives should be Shariah compliant so we strongly advise our darling sisters to pay attention to this.
You should have a reliable investment plan regardless of how much you earn or how tough the economy is. With as little as N5,000 Allah has made this possible through Lotus Capital. Alhamdulilah.
Please read and do not hesitate to ask questions.
Why has Lotus Capital chosen to launch a new fund?
Karimat: For many years, investors who have wished for short or medium term investments which exclude interest earning securities have been faced with very limited options and are sometimes compelled to keep some of their funds in cash instead.
Our main objective therefore is to provide an ethical or Shari’ah compliant alternative to conventional fixed income funds which typically invest in interest bearing securities such as treasury bills and bonds.
Can you tell us more about the new Fund?
Karimat: The Lotus Halal Fixed Income Fund is an open-ended mutual fund designed for investors with a low risk appetite, short to medium term investment outlook and seeking competitive returns.
The Fund will invest in a Shari’ah-compliant fixed income instruments such as Islamic bonds and profit sharing transactions.
What is an open-ended mutual fund?
Karimat: An open-ended mutual Fund has units continuously on offer to investors who can exit (redeem) and reinvest when they choose, as long as the Fund operates.
How can investors subscribe to the Fund?
Karimat: Investors can subscribe to the Fund during the offer period by completing and submitting the application form attached to the Prospectus along with the required Know-Your-Customer documents to us.
Who can invest in the Fund?
Karimat: Anyone can invest in the Fund with as low as N5,000.(5 units) which is the minimum investment. The Halal Fixed Income Fund is an excellent investment vehicle for savers who need to set aside for their children’s school fees, deposit to buy a house or car, start a business and much more.
So you mean instead of treating myself to a new pair of sandals I can begin to build an investment portfolio?
Karimat: Yes you can, the time to start is always now. Never delay when it comes to building your future.
What benefits would the Investors get from the Lotus Halal Fixed Income Fund?
Karimat: Investors in the Lotus Halal Fixed Income Fund can expect a well diversified portfolio, minimized risk and no exposure to the volatility of the stock market. Our investors will receive competitive returns which will be distributed on a regular basis thereby providing a steady income stream.
Steady income stream. That caught my attention. This is something many Muslim women need. Do you also offer financial advice?
Karimat: Yes we do. We are registered financial advisers and are available to help everyone reach their financial goals. We have two free financial planning tools – the Lotus Financial Health Plan and the Lotus Education Plan, which are available on our website.
The Lotus Financial Health Plan is a financial planning tool that helps individuals plan and manage their finances. The tool allows users to input their total income and expenses and automatically generates a financial report which indicates whether the user’s income/expense ratio is positive or negative. The Lotus Education Plan is a free financial planning tool that helps parents plan for their children’s education expenses.
How can interested investors get more information about the Fund?
Karimat: Investors can log on to our website at www.lotuscapitallimited.com to read and download the Fund’s prospectus and application form. We are happy to answer any questions and can be reached via email@example.com or on 01-2914624/ 08077099553/ 08077 099 551.
Investors can also come to our office at 1b, Udi Street, Osborne Foreshore Estate, Ikoyi.
“…But squander not your wealth in the manner of a spendthrift. Verily spendthrifts are brothers of the evil ones. And the evil one is to his Lord ungrateful.”- Al Isra vs27
Don’t squander Sisters, INVEST!