UTL Asset Management Limited (UTLAM) formally launched the UTLAM Halal Fund in Kano on 12 October 2026. The Shari’ah-compliant investment solution offers professional investment management within an Islamic finance framework. The launch took place alongside the opening of the new Kano office of UTL Trust Management Services Limited (UTL).
Mr. Stephen Igwenwanne, Managing Director of UTLAM, said:
“At UTLAM, we believe professional investment management should begin with an understanding of what matters to the investor. It is not simply about managing money; it is about understanding the client’s objectives, the principles that guide their decisions and the kind of future they want to build. We bring that understanding into how we develop and manage our investment solutions.
The
Halal Fund is an important addition to our offerings because it provides an investment option for people who want their wealth-building decisions to align with Islamic finance principles. We are pleased to bring this product to Kano as part of our broader commitment to expanding access to investment opportunities.
Whether an investor is guided by faith or simply prefers this ethical investment framework, the fund offers a professionally managed route to participating in Shari’ah-compliant investments, with the associated market risks clearly understood.”
The fund is open to investors of all faiths who want an investment approach aligned with Islamic finance principles.
Miss Olayinka Longe, Portfolio Manager of the UTLAM Halal Fund, said:
“The Halal Fund is built around a simple idea: people should be able to pursue their financial goals without having to compromise on the principles that matter to them. In Islamic finance, that means paying attention not only to the returns an investment may generate, but also to the nature of the transaction and the activities being financed. Our investment process is structured around these requirements, with Shari’ah advisory oversight supporting compliance.
Through the fund, investors can access a professionally managed portfolio of Shari’ah-compliant investment opportunities instead of having to identify and manage each investment themselves. We want investors to understand both how the fund works and the risks involved, so they can make informed decisions about whether it is suitable for them.”
The fund has an initial offering of 800 million units at ₦1 per unit. It gives investors access to a professionally managed portfolio structured around Shari’ah principles.
The minimum initial investment is ₦100,000. Subsequent investments start from ₦50,000, subject to the fund’s applicable terms. Investors may choose cash distribution or dividend reinvestment, depending on their preferences and the options available under the fund.
To subscribe, investors must complete the fund’s subscription form and provide the required Know Your Customer (KYC) documentation. Completed documents can be submitted through UTLAM’s offices, digital platforms or authorized agents, in line with the applicable subscription procedures. Prospective investors should contact UTLAM to confirm current subscription availability.
Prospective investors are also encouraged to review the fund’s offer documents, terms and risk disclosures before subscribing, to ensure they understand the investment and determine whether it is suitable for their financial circumstances.
