Cowrywise and Lotus Capital Leverage Fintech to Provide Halal Investment for Nigerians

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To tackle the common challenge of accessing ethical investment options in Nigeria, Cowrywise is partnering with Lotus Capital Limited to offer halal investment opportunities through its digital platform.

This partnership was inspired by the joint commitment of both firms to deliver on the promise of inclusive investment options served on a platter of ease and convenience. The Lotus Halal Fixed Income Fund can now be accessed with just a click on the all-new Cowrywise App.

The Lotus Halal Fixed Income Fund (LotusFIF) is an open-ended mutual fund that invests in fixed income instruments such as Sukuk (non-interest bonds) and fixed return contracts such as Ijarah (lease) and Murabaha (cost-plus) contracts.

Speaking to the core of this partnership, Edward Popoola, our CTO/Co-founder said, “We believe people deserve the right to invest in ways that align with their values. This partnership is simply us saying to everyone that we understand that they shouldn’t have to sacrifice their values to build wealth. So, we have chosen to collaborate with Lotus on delivering a product through our platform that is inclusive. Now, everyone can invest their money in line with their beliefs”

Also, Hajara Adeola, MD, Lotus Capital Limited, had this to say, “We are partnering with Cowrywise in our quest to make saving and investing more convenient for everyone in any location. From the comfort of your homes, you can now access our mutual funds with ease. The Lotus Halal Fixed Income Fund is a low-risk Shariah-compliant investment option which generates competitive returns while maintaining a focus on capital preservation. This should certainly be at the fingertips of everyone.

The Lotus Halal Fixed Income fund is now available on Cowrywise. To start investing in mutual funds from Lotus Capital, simply get Cowrywise app on Play Store or App Store.