FSDH Halal Fund

The headline story for the FSDH Halal Fund this week is its striking outperformance relative to its peers. The fund posted a Week-to-Date (WTD) yield of 12.76%, which towers over the median WTD yield of 0.18% across all Shariah-compliant equity funds (funds that invest only in businesses permitted under Islamic financial principles). That gap is not a rounding error; the fund is generating returns roughly 70 times above the category midpoint. On a Year-to-Date (YTD) basis, the fund has returned 12.45%, suggesting this strong performance is not just a one-week spike. Within its category, the fund sits at #6 of 12, placing it in the upper half among peers, while its Net Asset Value (NAV) of ₦1.00B ranks it #161 of 222 across all funds tracked.

Looking at the recent weekly history gives useful context. The NAV dipped from ₦994.18M on 5 June to a low of ₦969.42M on 26 June before recovering to ₦1.00B by 3 July, showing some short-term movement in the total pool of money in the fund. Over that same stretch, the WTD yield fluctuated between a high of 14.27% on 11 June and a low of 11.23% on 26 June, before settling at the current 12.76%. The fund has a relatively small community of 336 unitholders, meaning fewer individual investors share ownership compared to larger, more established funds. The NAV recovery alongside a solid yield figure this week suggests the fund has regained ground after a mid-period dip.