In a groundbreaking move, the Marble Halal Commodities Fund, Nigeria’s pioneer Commodities Fund licensed by the Securities and Exchange Commission (SEC), has been successfully listed on the AFEX Commodities Exchange (AFEX). This development marks a significant milestone for both Marble Capital Limited and AFEX, underscoring their commitment to revolutionizing the investment landscape and contributing to the country’s economic growth.
The Marble Halal Commodities Fund, which was officially launched on May 10, 2023, is a N3billion open-ended mutual fund with the sole distinction of being the first Commodities Fund approved by the SEC. The Fund is managed by Marble Capital Limited, a trusted name in the financial industry, with Stanbic IBTC Trustees Limited serving as its Trustees, FSDH Merchant Bank as its Custodian, and CardinalStone Registrars Limited as the registrar.
One of the unique aspects of the Marble Halal Commodities Fund is its adherence to the principles of Shari’ah, only investing in halal-certified instruments. The primary objective of the Fund is to provide investors with income diversification and return generation through investments in halal-compliant instruments, offering competitive returns. Moreover, the Fund’s diversified portfolio ensures that investors can spread their risk across various commodity-linked instruments.
This not only serves the financial interests of investors but also aligns with the ambitious goals of the 2015 – 2025 Nigerian Capital Market Master Plan of the Securities and Exchange Commission, contributing to the economic growth of the nation.
The successful listing of the Marble Halal Commodities Fund on the AFEX Commodities Exchange is a testament to the dedication of Marble Capital Limited. The Fund Managers have diligently worked to ensure the fund meets the stringent requirements set by the SEC and the National Pension Commission (PENCOM). The listing offers investors a regulated platform for easy entry and exit, providing an excellent opportunity to trade and access halal-compliant commodity-linked instruments.
The AFEX Commodities Exchange, known for its innovative approach to the commodities market, has played a vital role in this achievement. The exchange has developed a robust commodities exchange model for the West African market and accredited over 190 warehouses in Nigeria, with a substantial total storage capacity of 450,000 metric tons. Its mission is not only to promote a fair exchange of value among players throughout agricultural value chains but also to support Nigeria’s food security.
AFEX’s commitment to de-risking the agricultural sector, driving financial inclusion for rural communities, developing technology for data collection and market access, and enabling the deployment of capital aligns perfectly with the goals of the Marble Halal Commodities Fund.
The collaboration between Marble Capital Limited and AFEX signifies a potent force in the commodities space, showcasing the transformative potential of the commodities Fund. This move stretches the investment market, providing investors with more diverse and ethical options while promoting economic growth and food security in Nigeria.
With a minimum investment in the fund as low as 50,000 Naira, this opportunity extends to a wide range of investors, making ethical and diversified investments more accessible more information on the fund can be found on the company’s website www.marble.capital It is expected that the listing of the Marble Halal Commodities Fund on the AFEX Commodities Exchange will further strengthen the confidence of stakeholders in theFund, setting a benchmark for ethical investments in the Nigerian financial sector.