Category : Investing , Updates

Cowrywise and Lotus Capital Partner to Provide Affordable Halal Investments for Nigerians

Cowrywise and Lotus Capital Partner to Provide Affordable Halal Investments for Nigerians

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.


About Lotus Capital Ltd.

Lotus Capital is a Nigerian pioneer in the Non-Interest Finance industry. It is a full-service, investment management company specializing in Shari’ah compliant asset management, private wealth management and financial advisory services. Lotus Capital was founded in June 2004 with the specific objective of meeting the investment needs of ethical individuals, businesses, and organizations across West Africa. You can learn more about the company here:www.lotuscapitallimited.com

About Cowrywise

Cowrywise is a fintech company democratising access to wealth management services. In just under 2 years, the Y Combinator-backed startup has established itself as a strong player in the quest for financial inclusion in Nigeria. The journey started with automated savings and micro-investments in government bonds/treasury bills with as low as NGN100 and a trustee alliance with one of Nigeria’s top-tier trustees to operate with the same security structure as pension funds. For more information, please visit cowrywise.com