SIBTC Shariah Fixed Income Fund

The Stanbic IBTC Shari’ah Fixed Income Fund (“SFIF”) is an open-end unit trust scheme that aims to provide investors with liquidity and competitive returns over the short, medium and long term. The Fund seeks to achieve these objectives by investing in Shari’ah compliant fixed income securities

Summary

The Stanbic IBTC Shari’ah Fixed Income Fund (“SFIF”) is an open-end unit trust scheme that aims to provide investors with liquidity and competitive returns over the short, medium and long term. The Fund seeks to achieve these objectives by investing in Shari’ah compliant fixed income securities.

The Fund is ideal for ethically minded investors with low risk appetite as well as a bias for Shari’ah compliant investments. 

SFIF was registered with the Security and Exchange Commission (SEC) in 2019

Nominal value: N100.00

Asset Allocation: 100% in Shari’ah Compliant Fixed Income Investments

Minimum application: N5,000.00 for both initial and subsequent investments

Benefits 

  • Investments in line with Islamic principles
  • Fund is regulated by the SEC and governed by a Shari’ah Advisory Committee
  • Capital appreciation with competitive returns
  • Easy entry and exit with no penal charge
  • Convenience (Direct Debit / Standing order)

 

Documentation

  • Duly executed subscription form
  • One passport photograph for each applicant
  • A government issued identity card (national ID card, Driver’s license, International Passport, Voter’s card etc)
  • Proof of address showing your name/surname

How to invest in the SIBTC SFIF

Initial Investors:  Complete Subscription Form and submit at any branch of Stanbic IBTC nationwide with the documentation stated above

Please note that you are not required to make payment at this stage.

The account will be opened within one business day and your e-account number will be sent to you via email

Upon receipt of the e-account number, transfer the funds to the designated bank account (find below) using your e-account number as reference/remark etc.

The investment will be booked following which login details will be sent to you within two business days

 

For Existing Subscribers: Transfer directly from your bank account to the designated bank account (find below) using your e-account number as reference/remark

Online at https://www.quickteller.com/SIAML or by clicking on the top up link when you log on to your mutual fund account

Direct Debit or standing order (Please click here for a Direct Debit mandate form)

Bank details:

Bank:                         Stanbic IBTC Bank

Account name:           Stanbic IBTC Shari’ah Fixed Income Fund

Account number:        0032594510

 

Redeem Your Investment

To redeem a part or all your investments at any time:

  • Login to your mutual fund account via the web or mobile app and initiate a redemption. The proceeds of your redemption will be transferred to your nominated bank account within two (2) working days. Please note that the daily limit for online redemption is N2,500,000.00.

The proceeds of your redemption will be transferred to your nominated bank account within five (5) working days.

 

Online Redemption Service

The online redemption service is convenient, flexible and safe. To activate the online redemption service on your account, we require you to print, execute and submit the Consent Form and Agreement at our office or any branch of Stanbic IBTC Bank PLC closest to you.

Alternatively, the completed Consent Form and Agreement can be scanned and forwarded to mutualfunds@stanbicibtc.com

 

Please note that this service is available to individual and joint account holders only. Institutional subscribers (e.g. Corporates, NGOs, Churches etc.) cannot be granted access to this service.

 

 

 


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nigeriaassetmanagers
+234 1 280 1266

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