The Federal Government N100bn Sukuk
The Federal Government of Nigeria has launched a 7 year NGN100billion ijara (lease) sukuk due 2024 at an annual rental rate of 16.47%. The proceeds of the sukuk will be used for the construction and rehabilitation of key economic roads across the 6 geo-political zones of the country. Rentals will be paid in two equal instalments annually, while purchase price representing principal investment will be paid to investors at the end of the 7 th year of the sukuk.
Lotus Financial Services Limited the pioneer Islamic finance house in Nigeria and FBN Merchant Bank Limited are the arrangers of the NGN100billion sukuk. The Financial Regulatory Advisory Council of Experts (FRACE) of the Central Bank of Nigeria, which is the highest shariah organ in Nigeria for the certification of non-interest financial products, reviewed the structure of the transaction and all transaction documents and certified it compliant for investment by ethically minded investors.
For more information about sukuk, click here.
Offer opens 14th September 2017
Offer closes 22nd September 2017
Support for government infrastructure development
Ethical and responsible investment
Returns are halal
Returns are tax free
Low risk investment
Tradable on the Nigeria Stock Exchange and FMDQ OTC
Acceptable as collateral for borrowing by banks and financial institutions
Granted liquid asset status for banks by the Central Bank of Nigeria.
All classes of investors including:
Individuals, groups, Pension Fund Administrators, Insurance Companies & Takaful Operators, Stockbrokers, Asset Managers, Portfolio Managers, Fund Managers, Banks and Non-interest Banks, Faith-based Institutions, Pilgrim Welfare Boards, Trustees, Corporates, Co-operative Societies, Staff Schemes, Non-Bank Financial Institutions, Trade Unions, Community Associations, Cultural Associations and Religious Institution.
1. Download the subscription form here. Or obtain the form from our office
2. Complete the form
3. Transfer your investment amount into any of these bank accounts:
|Bank Account||Account Name||Account Number|
|Guaranty Trust Bank PLC||FGN Roads Sukuk Issue Proceeds||0111869636|
|Jaiz Bank PLC||FGN Roads Sukuk Issue Proceeds||0003028731|
|Unity Bank PLC||FGN Roads Sukuk Issue Proceeds||0029035531|
|Sterling Bank PLC||FGN Roads Sukuk Issue Proceeds||0065181158|
|Stanbic IBTC Bank PLC||FGN Roads Sukuk Issue Proceeds||0022373451|
|First Bank of Nigeria Limited||FGN Roads Sukuk Issue Proceeds||2032267642|
|Zenith Bank PLC||FGN Roads Sukuk Issue Proceeds||1015183412|
4. Send (i) completed form, (ii) valid means of identity (International Passport/Drivers licence/Voters Card) and (iii) evidence of payment (bank transfer/deposit slip) by email to firstname.lastname@example.org or by WhatsApp message to +2348077099550 / +2349087058410 or deliver to our office address.
To view the offer circular, prospectus and FAQs, click Download the Sovereign Sukuk Prospectus (Full) , Download the Sovereign Sukuk Abridged Prospectus, Download the Offer Circular, Download the FAQs
For enquiries send an email to email@example.com or call +2348077099551 or +2348077099553