The Norrenberger Discretionary Halal Fund...Imam Hasan Al-Basri (d. 694 AD) (A renowned Islamic...

The Norrenberger Discretionary Halal Fund

© 2019 The Norrenberger Financial Groupnorrenberger is an integrated �nancial services group licensed &

regulated by the Central Bank of Nigeria (CBN) & the Securities and Exchange Commission (SEC). All Rights Reserved.

© 2019 The Norrenberger Financial Groupnorrenberger is an integrated �nancial services group licensed & regulated by the Central Bank of Nigeria (CBN) & the Securities and Exchange Commission (SEC). All Rights Reserved.

“Money is such a Companion of yours

that it does not benefit you, unless it

leaves you.” Imam Hasan Al-Basri (d. 694 AD)

(A renowned Islamic scholar)(Ibn Sina)

Man’s living should be earned through Halal or permissible ways,And not from greedy, shady or cruel means.

The Norrenberger Halal Fund 2


Overview• Introduction (Norrenberger Islamic Fund)

• Summary• Asset Classes• Asset Allocation• Target Investors• Investment Incentive



Introduction & Brief On The Fund

Norrenberger Finance and Capital Manage-ment Limited (“Norrenberger”) is duly authorized and registered with the Securi-ties and exchange Commission (SEC) as a Fund and Asset Manager.

The Norrenberger Halal Fund is governed by a Trust Deed as a discretionary open ended collective investment Fund.

The Fund invests strictly in Shari’ah compli-ant �xed income instruments and contracts. Given the open-ended nature of the Fund, the Fund Manager will continu-ously o�er and redeem units throughout the life of the Fund.

The Fund Manager shall be responsible for the operations of the Fund and shall e�ect such operations in accordance with the provisions of the Trust Deed.



Introduction & Brief On The Fund

The overall primary objective of this Fund is to generate competitive returns on investment in Shari’ah Compliant manner whilst ensuring capital preservation. This objective will be realized through investments in a carefully selected and well diversi�ed portfolio of Shari’ah compliant �xed income instruments and products while leveraging on the bargaining power from pooling funds to earn competitive returns.



Features

• The fund is an open ended discretionary fund

• The fund minimum opening investment is N1 million

• Minimum opening investment tenor will be 90 days from allotment

• The fund will be supervised in accordance with Shari’ah law

• The fund can earn up to 20%p.a.

• The fund’s activities are supervised by a Shari’ah board made up of seasoned islamic personalities.



AssetsClasses

• Sovereign and Sub-Sovereign Sukuk: Sukuk are certi�cates of equal value representing undivided shares in the

ownership of tangible assets, usufructs and services or (in the

ownership of) the assets of particular projects or special

investment activity and entitle the holder to the receipt of

periodic returns derived from the underlying asset. Sovereign and

sub-sovereign Sukuk are Shari’ah-compliant certi�cates issued by

the Federal Government or its agencies (national/sovereign) or

States or their agencies (sub-national/sub-sovereign).


The Fund shall invest in Shari’ah-compliant fixed income instruments. The permissible asset classes within the Fund are as follows:

• Corporate Sukuk: These are sukuk issued by rated corporate national or supranational, local or international

organisations and multinationals.

• Shari’ah-Compliant Fixed Term Investments: These are term investments with reputable �nancial institutions

based on the Islamic contracts of, Murabaha (cost-plus

�nancing), or other Islamic �nancial contract structures. The

Fund may use the instrument of Murabaha line of credit with

reputable �nancial houses, Islamic or conventional. The

investment outlet by the �nancial institution would be in

trusted businesses with proven track record of certain yields. • Shari’ah-Compliant Fixed Term Investments: These are term investments with reputable �nancial institutions based

on the Islamic contracts of, Murabaha (cost-plus �nancing), or other

Islamic �nancial contract structures. The Fund may

use the instrument of Murabaha line of credit with reputable �nancial

houses, Islamic or conventional. The investment outlet by the �nancial

institution would be in trusted businesses with proven track record of

certain yields.

• Murabaha (cost-plus financing) Contracts: Murabaha contracts are stable return contracts based on known and

predetermined pro�t between the buyer and the seller. The Fund

will enter into an agreement for the purchase and sale of certain

compliant assets at an agreed mark-up price, with a deferred

payment agreement.

• Ijarah (lease) Contracts: These are contracts for the lease of certain compliant assets to customers. Each customer will pay an

agreed rent to the Fund for the use of the asset over a speci�c period

and will also undertake to buy the asset itself gradually.


AssetsAllocation

Proposed Asset Class Asset Allocation Range (%) Target Allocation (%)

Cash

Sovereign & Sub-Sovereign Sukuk

Corporate Sukuk

Shari’ah Compliant Fixed Term

Investments

Murabaha, Ijara & Other Fixed

Income Contracts

0 - 10

0 - 90

0 - 60

0 - 100

0 -70

10

30

15

25

20

Murabaha, Ijara & Other FixedIncome Contract

Sovereign & Sub SovereignSukuk

Shari’ah Compliant FixedTerm Investment

CorporateSukuk

Cash

5%

15%

20% 30%

30%



TargetInvestors

The Norrenberger Halal Fixed Income Fund targets investors who seek exposure to Shari’ah-compliant investment opportu-nities but have low risk appetite and do not want exposure to the risks associated with equity investments. The Fund speci�-cally targets:

• Investors with low risk appetite; • Investors with short/medium term investment horizon;

• Investors who desire no exposure to stock market volatility;

• Investors with Ethical & Islamic beliefs.

• Investors who seek capital preservation over the medium to long-term; and

• Investors who wish to bene�t from wholesale investment return.



InvestmentIncentive

Invest in accordance with core Islamic values and beliefs in conjunction with Islamic �nances principles.


Expert fund management

Enjoy diversi�ed portfolio in di�erent Islamic Instruments with the ability to take risk in pursuit of pro�t sharing

Transparency and equality

Easy investment tracking online.

Achieve short and long-term capital growth.

Multiple & Convenient Payment options.

Capital preservation;

Competitive returns;

Regular and steady income stream not generally associated with other forms of investment


Money is such a companion of yours

that it does not benefit you, unless it

leaves you.

― Imam Hasan Al-Basri (D. 694AD)

© 2019 The Norrenberger Financial Group

Address: No 11, Volta Street, Off Thames Street, Minister’s Hill, Maitama, Abuja, Nigeria

Office Line: +234 (0)908 781 2027Customer Service: +234 (0)908 781 2026

Email: [email protected]: www.norrenberger.com

is an integrated group licensed & regulated by the Central Bank of Nigeria (CBN)

& the Securities and Exchange Commission (SEC).

Date post:	24-Jan-2021
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The Norrenberger Discretionary Halal Fund...Imam Hasan Al-Basri (d. 694 AD) (A renowned Islamic...

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