₦airaland Forum

The Nigerian Stock Exchange (NSE) has announced that the Shari’ah Compliant Index would be inaugurated on Monday, July 30.

NSE said that the plans followed their signing of a memorandum of understanding with Lotus Capital Ltd. for the development and management of a certified Shari’ah Compliant Index.

The Islamic Equity Index known as the ``NSE Lotus Islamic Index’’ (with the code NSE LII) will be for only companies that meet the principles of Shari’ah.

The NSE LII, which is the first index created to track the performance of Shari’ah compliant equities on the floor of the bourse, will increase the breadth of the market and create a benchmark for investments as the alternative non-interest investment space widens.

Osahon Aire, NSE’s Project Manager for the NSE LII launch, said that investment instruments like Exchange Traded Funds (ETFs) could be built on the Index which investors with a preference for ethical/Shari'ah compliant investments could invest in.

He said also that the inauguration would tactically aid the development of the market.

``The NSE Lotus Islamic Index would further illuminate the massive investment opportunities available to ethically minded investors, both in Nigeria and overseas. All the companies that would appear on the Index have been thoroughly screened by Lotus Capital Halal Investment, in accordance with a methodology approved by an internationally recognised Shari’ah Advisory Board comprising renowned Islamic scholars,” Osahon said.

The Project Manager said that the inauguration of the Index was an exciting development that was in line with NSE’s mandate of broadening and deepening the Nigerian Capital Market.

The Lotus Capital was founded in June 2004 with the specific objective of meeting the investment needs of ethical individuals, businesses and organisations across West Africa.

It is a full-service of HalalInvestment Management Boutique, specialising in Shari’ah compliant Asset Management, Private Wealth Management Advisory Services and Financial Advisory Services.

cheddarking: Can you imagine what all that Money is going to fund?


PEJ is a thief and should be brutally murdered...

This is so insulting to my sensibilities....

CeaserB: I'm not being tribalistic, but only Yoruba Fans can do this.
Mobs destroy your car and you still call them fans.
I can't imagine if they were all angry, over-happy or high.

Maxymilliano: It was this same guy that authored the "How to worship the Nigerian God" article... Kinda admire the humor in the article tho.

ANY-PEN :
I love the way the British beautifully told their history. It gave the story of civilization. From the crude-industrial-computer ages. It was very educative unlike Beijing that was just a show of modern technology. & ofcourse, Mr Bean killed it, he got me rolling!

Odinaka00: Guy nor dey show d level of ya foolishness nd stupidity for here na, yu don pass dz na

miteolu: NIGERIAN SENATORS
1. Basic Salary
2. Hardship Allowanc:
3. Constituency allowance:
4. Furniture Allowance:
5. Newspaper allowance:
6. Wardrobe allowance:
7. Recess Allowance:
8. Accommodation:
9. Utilities:
10.Domestic Staff:
11.Entertainment:
12.Personal Assistance:
13.Vehicle Maintenance Allowance:
14.Leave Allowance :
15.One off payments (Severance gratuity):
16.Motor Vehicle Allowance:


OMG! A senetor pay slip will be 3 pages

talk true: Misleading post. Please change the subject to match with the content
It is just a vehicle barrier

ANY-PEN :
You need to change that mentality. Its a big stride that we can even see their face & hear names. Its a bigger stride that they can be arraigned so let's watch & work towards supporting the forces pushing them out. They've been there for long remember

Billyonaire: The question is; Who isn't a thief in the House of Reps ?

floriana: No sir. Not especially now that they are under pressure to keep their dishonourable jobs.

floriana: Peeped in, saw members of the 40 laptop squad only. Wrong room. Zooms off!

Beaf: Sadly, there is a lot of truth in what David Mark is saying.
Presenting robust opposition is a completely different thing from sedition, lies, false rumours, slander and other forms of lawlessness.

Right here on NL, we even have mods like OAM4J who take their unethical and irresponsible behaviour to common sense defying levels that can only be described as stup!d. In my opinion, a couple of people need to learn a legal lesson or two.

Ask the foolish London teenager (Luke Angel) that called Obama a pr*ck in an email after one too many beers. All the way in the UK, the police popped round, took his picture and explained to him that he was banned from the US for LIFE. At 17!
You can imagine that secret services will be on his tail for life and he now has no future.

https://images.dailytech.com/nimage/16632_Luke_Angel.jpg

US security services regularly haul in people who make demeaning or threatening statements on the web for questioning (or more). The Nigerian constitution is tailored after the US one, so why not do the same thing?

Lets just be civil and truthful.

Super1759: Mine was in the dream.when I was 5years old.I was even the pilot and when I woke I saw my self in the parlour unclad!! What happend.my sister baptised us all with urine.

1800bc: me i cant see any obama head there o! wetin una carry see am?

ADint: Its good to support your partner's business anyway you can. Selling chin-chin, jewelry, shoes or whatever in the office should not be condoned by any serious minded business in order to instill professionalism in the workplace.

Having said that, it seems to be an accepted practice in Nigeria. In this instance, if at all the chin-chin has to be sold in the office, then he should let the wife come and do it herself or employ some jobless youth to do the rounds. He is not being professional and he is sending out the wrong message to his subordinates. If his subordinates also now decide to start selling their wives akara, puff-puff or kunu in the office what would he have to say to that? How would he be able to stop them? What then would he have turned the office to?

Brand_new: Why do you want to crucify OP. I can read clearly that he says it`s not a bad idea before asking for your opinion. So why yall acting so wild?

Rhino.5dm:
so, when will you ibo fools stop hating the yorubas? imagine how this bigot skilfully put out the names of international artists to ridicule, just because they are not from his region.

This same goat would have shower tons of praises, should this event involve p-square or other ibo speaking artist. what is more annoying here is, you live and feed from the region you loathed this much. one would expect you to move back to abia from your comfort zone in lagos.

Now,show me one artist from your region with grammy nomination, just ONE!

whether you like it or not Davido is richer than your entire family. lemme read your suicide note because billionaires attended Davido's party. person.

J12: Too many noisemakers on this thread. Y'all shut the FÚCK up!

IS IT YOUR MONEY?

sexkillz: [color=#000030]na you go still fall pass. You wan go flex. . .

So why making the most noise here? Empty barrel. Go and flex and give him what he wants in return and stop this nonsense noise!
[/color]

Nwa Teacher: Kai, is Hausa and Yoruba men that are mostly involved. They are the people eating the oil money while the main Naija Deltans are very far from oil money. No south south or south east name in d list. Chei, monkey dey work baboon dey chop