The Emerging Africa Halal Fund has posted a Week-to-Date (WTD) yield of 0.20% for the week ending 3 July 2026, nudging just above the median WTD yield of 0.18% among its Shariah-compliant equity fund peers, which places it in a slightly above-average position within the category. Shariah-compliant funds are investment funds that follow Islamic finance principles, meaning they avoid businesses involved in alcohol, interest-based lending, and similar activities. The fund's Year-to-Date (YTD) yield stands at 13.73%, reflecting the cumulative return since the start of 2026. Its Net Asset Value (NAV), which is the total market value of everything the fund holds, jumped noticeably to ₦354.79M this week from ₦333.29M the prior week, the strongest single-week NAV gain in the five-week window shown.
Despite the positive weekly momentum, the fund remains relatively small and lightly used. It holds a NAV of ₦354.79M, ranking it #194 of 222 funds overall and #10 of 12 within the Shariah-compliant equity category. Only 58 unitholders currently invest in the fund, which is a very low number and suggests it has not yet attracted a wide audience. Looking back over recent weeks, the fund's WTD yield dipped to -0.60% on 11 June 2026 and was flat at 0.12% on 19 June, before recovering steadily to the current 0.20%, indicating a gradual improvement in short-term performance over the past month.
Key insight: While the fund's YTD yield of 13.73% and a WTD yield that beats the category median are encouraging signs, its ranking of #10 of 12 within its peer group and just 58 unitholders signal that it remains a very small, lightly followed fund with limited scale compared to most peers.
