On Wednesday, Marble Capital Limited launched the first SEC-approved commodities fund, called the Marble Halal Commodities Fund, which is focused on the agro-economic and extractive sector.

The fund has an initial size of 30,000,000 units at N100 per unit at par, equivalent to three billion naira, with the potential to increase subject to SEC approval. The fund primarily invests in commodities-linked instruments based on the principles of Shari’ah and only invests in halal-certified investment instruments.

The Executive Commissioner for Operations, Securities and Exchange Commission, Dayo Obisan, highlighted that the fund's launch would contribute to the attainment of the Nigerian Capital Market Master Plan by 2025, which aims for 25% of the market capitalisation to come from non-interest areas such as the Marble Halal Commodities Fund.

 The minimum amount required for investment in the fund is N50,000.

source; the punch
link;https://punchng.com/first-sec-approved-commodities-fund-launched/