Step 1: Understand Islamic Principles of Finance Before you start investing, it’s important to familiarize yourself with the basic principles of Islamic finance: Prohibition of Riba (Interest): Interest-bearing investments (like conventional bonds) are not permissible. Avoidance of Haram (Prohibited) Activities: Investments should not involve sectors like alcohol, gambling, pork, or businesses involved in unethical practices. […]

Celebrating our dear children with love, affection and particularly gift-bearing is crucial. Yet, there is a life-long gift that we can give our children sufficient to scale the hurdles or challenges of life, which is financial literacy.   Financial literacy, being an effective comprehension of investment, budgeting, and financial management, remains an economic tool that […]

Wadiah/Target savings is a safe-keeping account that helps you save consistently towards financial goals making them easier to achieve by saving daily, weekly, or monthly.   The savings amount is determined by the customer while earning competitive returns.   TARGET GOALS Rent payments. Children Education. Home finance. Equity contribution. Zakat eligibility and other plans.   […]

A webinar on “Navigating Nigeria’s Economic Landscape through the Lens of Islamic Finance” will be held by Trust Arthur, an ethical asset management company in collaboration with the Institute of Islamic Finance Professionals, as part of efforts to further the knowledge of Islamic Finance education in Nigeria.   The webinar is scheduled to hold on […]

Prof. AbdulRazzaq AbdulMajeed Alaro, mni, FIFP, FCPA, M.IoD, a multi award winning scholar, is Professor of Law, Shariah Consultant, Barrister and Solicitor of the Supreme Court of Nigeria and an internationally certified arbitrator, ACIArb, MCIArb (UK) and CIAE (Dubai). He hails from Ilorin, Kwara State, where he attended Oke-Pakata School and Muhyideen College, for his Primary and […]

Trust Arthur, a leading non-interest asset management company, will hold its first webinar on Saturday, July 22nd, 2023, by 10:00 am (WAT) with the Themed: “Shariah Compliant Equities; Global and Local Opportunities.”                       The rapid growth of the global Islamic wealth management industry has become alluring to private investors and financial institutions starting to […]

  Ijarah is an essential contract in Islamic finance. It is one of the rental-based contracts in non-interest financial services. It chiefly contributes to economic growth, social upgrade, and infrastructural development of Nigeria, viz, leasing of affordable houses, financing the purchase of vehicles, and financing healthcare services, amongst others.   According to Dr. Basheer Oshodi, […]

As part of efforts to drive ethical non-interest banking and financing projects, TrustArthur Limited, a fund management company, was one of the sponsors of the 2023 Muslim Community of Lagos Seminar held on Saturday 6th of May 2023. The August event was graced with the presence of eminent personalities, including experts in Islamic finance, regulators, […]

Istisna’a, otherwise known as a manufacturing sale, is a special type of contract signed by parties to manufacture or create an object, which is non-existent at the time the contract was entered. This contract under Islamic finance originated from the customs and practices of Arabs in the classical era of Islam, where two parties are […]