D'Namaz Halal Fixed Income Fund

The D'Namaz Halal Fixed Income Fund is a Shariah-compliant fixed income fund managed by D'Namaz Capital Limited, and its most defining characteristic right now is its very small size. With a Net Asset Value (NAV) of ₦54.90M, the fund ranks #220 of 222 across all Nigerian mutual funds and sits at #7 of 7 within its own category of Shariah-Compliant Fixed Income Funds. Despite that, its current Week-to-Date (WTD) yield of 0.31% matches the median WTD yield of 0.31% across all funds in its category, meaning it is keeping pace with its peers on returns even at this early stage of growth. Its Year-to-Date (YTD) yield stands at 7.71%, which reflects cumulative income generated since the start of the year.

Looking at the fund's recent history, the NAV has grown steadily from ₦54.29M on 5 June 2026 to ₦54.90M on 3 July 2026, a small but consistent upward movement over roughly four weeks. The WTD yield has fluctuated week to week, rising to a recent high of 0.34% on 11 June before dipping to 0.25% on 26 June and then recovering to 0.31% in the latest reading. The fund currently has only 12 unitholders, which means it is still in a very early phase of attracting investors. A unitholder is simply a person or organisation that owns a portion of the fund. The fund is designed to comply with Islamic finance principles, meaning it avoids interest-bearing instruments and instead uses permissible alternatives to generate returns.