Nigeria’s sukuk boom redraws fixed-income strategy for long-term investors


A record-setting sukuk auction has pushed Nigeria’s Islamic finance market into the national conversation, offering a rare moment of excitement in an otherwise traditional bond-dominated debt market. Investors are no longer treating Sharia-compliant instruments as a niche category.

Instead, sukuk has become one of the fastest-growing segments of Nigeria’s fixed-income market, drawing interest from pension funds, ethical investors and domestic institutions looking for alternatives to interest-based debt.

“Nigeria’s non-interest capital mar

A record-setting sukuk auction has pushed Nigeria’s Islamic finance market into the national conversation, offering a rare moment of excitement in an otherwise traditional bond-dominated debt market. Investors are no longer treating Sharia-compliant instruments as a niche category.

Instead, sukuk has become one of the fastest-growing segments of Nigeria’s fixed-income market, drawing interest from pension funds, ethical investors and domestic institutions looking for alternatives to interest-based debt.

“Nigeria’s non-interest capital mar

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