- Q: What is the minimum opening balance for the Halal fund?A: The minimum opening amount for Halal fund is N20,000.00.
- Q: What are the different investment products they offer?A: Halal fund, HISAB, Ta'alim and Hajj investment.
- Q: Who is Lotus capital and what exactly do they do?A: Lotus Capital is an Ethical Investment Company. Ethical: No Alcohol, No Tobacco, No Adult Entertainment, No Interest. We are socially responsible.
- Q: What is the maximum balance for the Halal fund?A: Its an open ended investment so you can invest as much as you want to.
- Q: What is the minimum opening amount for the HISAB fund?A: The minimum opening amount is N20,000.00.
- Q: What is the maximum opening amount for the HISAB fund?A: It is an open ended investment so you can invest as much as you want to.
- Q: Do I pay here or to a bank?A: We do not collect cash here. Payment should be made to any branch of GTBank plc nationwide First Trustees/Halal Investment Fund ACCT NO - 0005364043 or Lotus Capital HISAB ACCT NO- 0005364115.
- Q: What do you charge for investment management?A: Kindly note that we do not receive management fees but only share out of returns we must have made on your money, in other words, if we do not make money for you we do not get paid.
- Q: How can I monitor my investment?A: You can easily monitor your investment by setting up an online account. Please go to the Lotus Capital homepage www.lotuscapitallimited.com to register. And you can also view the prices which are displayed on our website, please click Nigerian Capital Market. We also send a formal valuation report annually.
- Q: How long will it take for my documents to get there?A: We send out documents on a daily basis so it should get to them as soon as possible.
- Q: How long will it take for them to contact me?A: We would normally make an acknowledgement call to customers or send e-mail as soon as we receive documents.
- Q: What should I be expecting back from you?A: For the Halal fund, you would be receiving a certificate with the amount of units taken out specified on it. For the HISAB, you would be receiving an acknowledgment letter.
- Q: How do I redeem my investment?A: To redeem your investment in the Lotus Capital HISAB, you will be required to write a letter of instruction signed and endorsed by you requesting to redeem all or part of your investment from the plan. To redeem from the Halal fund a duly signed redemption form should be sent along with the issue certificate to us. Reasons for redemption must be stated.
- Q: What should I be expecting back from you?A: For the Halal fund, you would be receiving a certificate with the amount of units taken out specified on it. For the HISAB, you would be receiving an acknowledgment letter
- Q: How do I redeem my investment?A: To redeem your investment in the Lotus Capital HISAB, you will be required to write a letter of instruction signed and endorsed by you requesting to redeem all or part of your investment from the plan. To redeem from the Halal fund, a duly signed redemption form should be sent along with the issue certificate to us. Reasons for redemption must be stated.
Details of your current account should be provided so that the proceeds can be paid into it. In the absence of a valid current account, you have the option of either picking up your cheque at our office in Lagos or have an ‘Over the counter’ transfer made in the client’s favor.
- Q: How long does it take to process redemption of investment?A: This will take a maximum of 10 working days to process.