Non-interest fixed income

Stanbic IBTC Shari’ah Fixed Income Fund CalculatorEarn a steady income without interest-bearing instruments

A non-interest fund holding Shari’ah-compliant income assets such as sukuk, screened to avoid interest-bearing debt. Put in what you are thinking of investing, then set a bid price to test what your units would be worth if the price moved. This fund charges no spread, so all of it goes to work on day one. Figures are estimates.

Unit price

₦154.95
offer price: what you pay per unit
bid ₦154.95
ⓘ Bid and offer are the same, so there is no spread cost on entry. Price published by Stanbic IBTC Asset Management.

Build your scenario

Units are bought at the offer price and valued at the bid price, which is how the fund actually prices entry and exit. The scenario price only changes what you are testing — it is not a prediction of where the price will go.

Units bought
3,226.8474
at ₦154.95
Value today
₦500K
at ₦154.95
Spread cost
₦0
no spread
At your price
₦500K
+₦0
Open a Shari’ah Fixed Income Fund account ↗

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This is a scenario, not a forecast: You chose the price above — we are not predicting that Stanbic's bid will reach it. Unit prices move up and down for reasons specific to each fund and can fall below what you paid. Nothing here estimates by how much or when that might happen.
How this estimate works+

Your amount is divided by the offer price to get the number of units you buy, then those units are valued at the bid price to show what the holding is worth immediately after purchase. The difference is the spread cost. The scenario price field lets you test what those same units would be worth at a different bid price — higher or lower than today's — so you can see the effect of a price move without us assuming one on your behalf. Fees and tax are not deducted.

Important information+

Unit prices change, often daily, and the price shown here is the most recent one we could read. Confirm the current bid and offer price with Stanbic IBTC before you invest. This calculator is for planning and education only, not financial advice.

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Fund snapshotas at 2026-07-03

View full fund profile →
Net asset value
₦2.36B
WTD yield
-1.04%
YTD yield
10.57%
Unitholders
3,390
Shariah-Compliant Fixed Income Funds share
4.40%

Data sourced from the SEC Collective Investment Schemes report. See the full fund profile for bid/offer prices, peer comparison, and historical data.

Earn a steady income without interest-bearing instruments. A non-interest fund holding Shari’ah-compliant income assets such as sukuk, screened to avoid interest-bearing debt. Enter what you are thinking of investing, then test a different bid priceThe price at which a fund or market participant buys units or securities from an investor. to see what your units would be worth.

What this shari’ah fixed income fund calculator does

It converts the naira amount you enter into fund units at the current offer priceThe price at which a fund or market participant sells units or securities to an investor., then values those units at the bid price so you can see exactly what the holding is worth the moment you buy it.

You can then set a different bid price — higher or lower than today's — to see what the same units would be worth if the price moved there. That number is yours to pick; the calculator does not assume, source, or suggest a return for you.

Bid, offer, and what entry really costs

A fund quotes two prices. The offer price is what you pay to buy a unit; the bid price is what you receive when you sell one. When the offer is higher than the bid, that gap is a real cost you carry from day one, and the fund has to gain that much before you are back to even.

Some funds quote the same bid and offer, which means no spread on entry. Others charge a spread of a percent or more. Comparing spreads across funds is one of the few costs you can check before you invest.

What moves this fund’s price

The unit price tracks the value of the sukuk and other non-interest income assets the fund holds, so it moves broadly with naira fixed incomeInvestments that create contractual or expected interest and principal payments. yields.

This fund generally suits someone who wants a fixed income return without interest-bearing instruments.

How to read your result

The scenario price is a what-if, not a forecast — the calculator is not predicting the bid will reach the number you enter, and it does not estimate by how much or when a real price move might happen. Unit prices can fall as well as rise, and a fund holding shares or bonds can lose money over any given period.

The Shari’ah screen limits what the fund can hold, so its return will not always match a conventional fixed income fundA fund focused on income-producing debt securities such as government and corporate bonds. in either direction.

How to use the shari’ah fixed income fund calculator

  1. 1
    Enter your amount
    Type the naira amount you plan to invest as a lump sum.
  2. 2
    Check the units and spread
    Read how many units you buy and what the bid/offer gap costs you on entry.
  3. 3
    Set a scenario price
    Type a bid price, or use a ±10%/±20% shortcut, to test what your units would be worth at that price.
  4. 4
    Read the result
    See the gain or loss the scenario price implies against what you put in.
  5. 5
    Compare before investing
    Run the same amount through another fund calculator to compare spread and price behaviour.

Frequently asked questions

What is the Stanbic IBTC Shari’ah Fixed Income Fund?+

A non-interest fund holding Shari’ah-compliant income assets such as sukuk, screened to avoid interest-bearing debt. It is managed by Stanbic IBTC Asset Management and priced per unit, so your holding is measured in units rather than a balance.

What is the difference between the bid and offer price?+

The offer price is what you pay per unit when buying; the bid price is what you receive per unit when selling. If the offer is higher than the bid, the difference is an entry cost you carry immediately, and the unit price has to rise by that much before you break even.

How many units will ₦500,000 buy?+

Divide the amount by the current offer price. The calculator above does this using the latest offer price we can read from Stanbic IBTC, falling back to the SEC Collective Investment Schemes report when the manager’s page is unavailable.

Does the calculator predict what this fund will return?+

No. The scenario price field is a what-if you control — it does not come from Stanbic, the SEC, or any forecast. Enter a price to see the effect of that specific move; the calculator is not estimating how likely it is or how long it might take.

How often does the unit price change?+

Stanbic IBTC republishes fund prices regularly, typically each business day. The SEC publishes a dated weekly snapshot for SEC-registered funds. Confirm the current price with the manager before you invest.

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