Lotus Capital, the pioneer of non-interest finance in Nigeria, was founded in June 2004 and registered as Fund Managers with the Securities and Exchange Commission (SEC) in 2006. In our capacity as a full-service ethical investment management company, Lotus has consistently enabled clients towards achieving their investment objectives in line with their values. The Company has also made indelible footprints in the Nigerian capital market over the past decade, as a result of the support of an accomplished board, experienced management team and reputable Shariah advisory board.
In 2008, Lotus launched the first Shariah compliant mutual fund, the Lotus Halal Investment Fund. In 2012, the Company partnered with the Nigerian Stock Exchange to establish the first Shariah compliant equity index, and thereafter launched a tracker fund — the Lotus Halal Equity Exchange Traded Fund.
In 2013, Lotus was the lead advisor of the first Sukuk in Nigeria, issued by the Osun State government, which was 11.4% oversubscribed. To further deepen the non-interest capital market, we launched the first Islamic Fixed Income Fund in 2016.
In our trailblazing tradition, Lotus acted as financial advisers to the Federal Government of Nigeria on the first 3 sovereign Sukuk issuances in 2017-2020, all of which were oversubscribed.
Lotus currently manages the largest Shariah compliant mutual fund in the country and has offices in Lagos, Abuja, and Kano.