SEC targets 50 Sharia-compliant product listings worth N5 trillion by 2025 – DG
Securities And Exchange Commission (SECOND), has reiterated that he East targeting has list 50 Sharia compliant some products with A combined walk capitalization of has less N5 thousand billion by 2025.
THE General manager (SECOND), M Lamide Yuguda declared This WHO was represented by THE Executive Commissioner Operations, M Dayo Obisan has A ability building workshop For local Sharia Talent For without interest capital walk – level II", detained In Abuja.
Mr. Yuguda WHO was represented by THE Executive Commissioner Operations, Mr. Dayo Obisan said Without interest Capital Walk (NICM) segment of THE amended Capital Walk Master plan (2021 – 2025), targets 100 retail Sharia compliant some products And on A million direct investors In Sharia compliant products.
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He declared that THE Commission confronted with these ambitious targets, has resolved has redouble It is of development efforts, especially In ability building that feeds honorable professionals has leverage Sharia best practices In facilitate THE her Implementation of Sharia compliant initiatives with THE ultimate aim of deepening THE NICM space.
THE DG Underlines that THE Commission would be continue has leverage It is subsidiary company, THE Nigerian Capital Walk Institute, especially In development robust programs around Without interest Finance which are expected has promote Capacity Building And Sharia compliant some products And process.
M Yuguda further said, "As You are all aware, THE fundamental difference between conventional finance And Without interest Finance East THE application of Sharia principles In THE last. This simply means that NICM can't exist without experts In Islamic commercial case law (Fiqhoul Mu'amalat Al-Maliyya).
"THE objective of This Workshop, SO, East fast tracking THE development of experts For THE Walk. We believe This will improve THE development of OUR local Sharia Talent, not only For THE Nigerian Capital Walk but Also For THE Nigerian Financial system In general.
"THE level of activities In THE Without interest capital walk that We are Currently experiment In Nigeria asserts THE overwhelming acceptance of NICM some products by different Classes of Investors, which depicted A strong appetite For these class of assets as highlighted by THE oversubscription of THE FGN And business Sukuk issued In previous years.
"THE Level 1 segment of This important Workshop, which was led In December 2022, covered THE basic areas of Financial Walk Structure And Operations of THE Capital Walk And three modules Since Sharia Principles And Contracts Relative has Without interest Capital Markets.
"As We dive In Level II, THE remaining modules relative has Sharia Contracts will be widely discussed departure Today, while modules on Sharia Problems Relative has Without interest Capital Walk Principles, And Operation of THE Sukuk And Equity Markets duty be treaty In THE future days. »
He reiterated that Level II East aiming has consolidation some participants understanding of THE theoretical And practical aspects of THE NICM.
"Armed with This training And subsequent those has come, THE participants would be undoubtedly to have THE potential has provide Sharia advisory services For THE Islamic Finance Industry, particularly THE Without interest Capital The market operations as he to be related to has Sharia principles And decisions”, he added.
He declared that significant progress checked in In This area East highlighted by THE last ranking of Nigerian Islamic Finance In 13th place on THE Global Islamic Finance Development Indicator 2022, in front of countries as Bangladesh And Türkiye.
M Yuguda sharp out that THE Without interest Finance Sector has gradually grown up has become A distinct industry In THE wider financial landscape, offer alternatives has traditional interest based financial systems.
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Securities And Exchange Commission (SECOND), has reiterated that he East targeting has list 50 Sharia compliant some products with A combined walk capitalization of has less N5 thousand billion by 2025.
THE General manager (SECOND), M Lamide Yuguda declared This WHO was represented by THE Executive Commissioner Operations, M Dayo Obisan has A ability building workshop For local Sharia Talent For without interest capital walk – level II", detained In Abuja.
Mr. Yuguda WHO was represented by THE Executive Commissioner Operations, Mr. Dayo Obisan said Without interest Capital Walk (NICM) segment of THE amended Capital Walk Master plan (2021 – 2025), targets 100 retail Sharia compliant some products And on A million direct investors In Sharia compliant products.
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He declared that THE Commission confronted with these ambitious targets, has resolved has redouble It is of development efforts, especially In ability building that feeds honorable professionals has leverage Sharia best practices In facilitate THE her Implementation of Sharia compliant initiatives with THE ultimate aim of deepening THE NICM space.
THE DG Underlines that THE Commission would be continue has leverage It is subsidiary company, THE Nigerian Capital Walk Institute, especially In development robust programs around Without interest Finance which are expected has promote Capacity Building And Sharia compliant some products And process.
M Yuguda further said, "As You are all aware, THE fundamental difference between conventional finance And Without interest Finance East THE application of Sharia principles In THE last. This simply means that NICM can't exist without experts In Islamic commercial case law (Fiqhoul Mu'amalat Al-Maliyya).
"THE objective of This Workshop, SO, East fast tracking THE development of experts For THE Walk. We believe This will improve THE development of OUR local Sharia Talent, not only For THE Nigerian Capital Walk but Also For THE Nigerian Financial system In general.
"THE level of activities In THE Without interest capital walk that We are Currently experiment In Nigeria asserts THE overwhelming acceptance of NICM some products by different Classes of Investors, which depicted A strong appetite For these class of assets as highlighted by THE oversubscription of THE FGN And business Sukuk issued In previous years.
"THE Level 1 segment of This important Workshop, which was led In December 2022, covered THE basic areas of Financial Walk Structure And Operations of THE Capital Walk And three modules Since Sharia Principles And Contracts Relative has Without interest Capital Markets.
"As We dive In Level II, THE remaining modules relative has Sharia Contracts will be widely discussed departure Today, while modules on Sharia Problems Relative has Without interest Capital Walk Principles, And Operation of THE Sukuk And Equity Markets duty be treaty In THE future days. »
He reiterated that Level II East aiming has consolidation some participants understanding of THE theoretical And practical aspects of THE NICM.
"Armed with This training And subsequent those has come, THE participants would be undoubtedly to have THE potential has provide Sharia advisory services For THE Islamic Finance Industry, particularly THE Without interest Capital The market operations as he to be related to has Sharia principles And decisions”, he added.
He declared that significant progress checked in In This area East highlighted by THE last ranking of Nigerian Islamic Finance In 13th place on THE Global Islamic Finance Development Indicator 2022, in front of countries as Bangladesh And Türkiye.
M Yuguda sharp out that THE Without interest Finance Sector has gradually grown up has become A distinct industry In THE wider financial landscape, offer alternatives has traditional interest based financial systems.
READ ALSO FROM Nigerien TRIBUNE
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