In 2025, the landscape for Islamic finance in Nigeria, particularly in the area of ethical and Sharia-compliant investments, is seeing significant developments. Notably, the popularity of Non-interest Funds continues to rise. The National Pension Commission (PenCom) has reported a remarkable increase in the assets of its Non-Interest Fund, which grew from NGN 7.79 billion in 2021 to NGN 54.27 billion by the end of January 2024, marking over a 500% increase source: (mondaq.com). This shows a clear shift in the market, where ethical investment options are gaining traction among Nigerian investors. Furthermore, the Nigerian government is pushing forward with its plans to utilize Islamic finance tools like Sukuk. The sovereign Sukuk market has been a key growth area, with recent issuances aimed at financing infrastructure projects. A notable issuance in 2024 was the NGN 350 billion sovereign Sukuk, with plans for further Sukuk offerings in 2025 Marble Capital Limited, a leading player in the Islamic finance space, offers a variety of investment options …
