20/11/2025
Soothingly VERIFIED And CERTIFIED!
Two days ago, during my Stock Market Bootcamp, one of my students raised his hand and asked me a question that shocked the entire class.
He said:
“Iking, please… what is the BEST investment for me as a Muslim?”
Immediately he asked that question, the whole Zoom room went quiet.
Not because the question was strange…
…but because most people, including Christians don’t know that Islam has its own rules for investing.
And if you don’t follow those rules as a Muslim, the money you think is “blessing” can actually become a burden.
So today, let me teach you like an Islamic finance scholar…
Let me teach you like someone who has read deeply across religions…
Let me teach you as an investor who understands how to build wealth without violating your faith.
Sit down.
Let’s go in…
FIRST - Understand This: Islam Does Not Hate Wealth.
Islam Only Hates RIBA.
This is the part many people confuse.
Let me explain it in a way that even a Sheikh will nod and say, “Yes, this is correct.”
What Is Riba?
Riba simply means:
You give somebody money
They return it to you
With interest
Just because you gave them money.
That “extra” you are collecting is what Islam forbids.
Why?
Because in Islam, money is not supposed to “breed” money by force.
Only trade, business, and real value creation should produce profit.
Riba = profit without effort.
Haram.
Halal profit = profit from actual business activity.
Allowed.
Very Simple.
So If Riba Is Forbidden…
What Does Islam Permit?
Islam allows what is called Profit-Sharing.
This is the foundation of Islamic finance.
It is often called:
Mudarabah (you bring money, someone brings skill, both share profit)
Musharakah (you and business partner bring money + effort, both share profit)
Dividend from ownership (you own part of a business, the business makes profit; you get your share)
This is why dividend is HALAL.
But interest is not.
NOW LET ME ANSWER THE QUESTION…
“What Are the Best Investments for a Muslim?”
I’ll tell you exactly what I told that student.
And let me start with the most powerful one:
1. NIDF - The Infrastructure Fund (My No. 1 Pick for Muslims)
Let me explain this one very slowly so you understand it deeply.
NIDF = Nigeria Infrastructure Debt Fund
Managed by Chapel Hill Denham.
This is NOT interest-based.
This is NOT Riba.
This is NOT haram.
Why?
Because they do not give loans for interest.
Instead…
They operate under a model called PPP - Public Private Partnership.
Let me break it down:
Government brings land + regulation
Private companies bring money
They build real infrastructure (power plants, roads, ports, gas pipelines, energy assets, data centers)
The infrastructure starts generating money
That money is shared to investors as dividends (profit from business activity)
This is 100% Sharia-compliant.
Because:
You are sharing profit
Your capital is used to build real assets
They do NOT invest in businesses forbidden in Islam (alcohol, gambling, interest-based lending, etc.)
Now listen carefully…
NIDF has consistently paid dividends for 5+ years.
Even during:
COVID
Inflation wars
Naira crash
Market chaos
They still paid.
Their lowest dividend was around ₦3+ per share.
Average dividend is ₦4+ per share.
Highest has hit ₦5–₦6+ per share.
Last quarter, just last month they paid ₦4.25 per unit.
Let me show you what this means:
If you own 1,000,000 units,
your dividend for last quarter alone is:
₦4,250,000.
Remember:
This is dividend, not interest.
This is profit sharing, not riba.
(You can invest in NIDF using any License Stock Brokers in Nigeria, but Remember it's bake by Chapel Hill Denham, the Owner of InvestNaija App).
2. ARM Sharia-Compliant Investments (For Muslims Who Want More Options)
ARM has one of the strongest Islamic-compliant portfolios in Nigeria.
There are two powerful ones:
A. ARM Sharia Fixed Income Fund
Low risk
Halal
Pays around 15% per annum (based on profit from Sukuk + Sharia-compliant instruments)
This is a safe place for Muslims to grow money without touching anything haram.
B. ARM HALAL Balanced Fund
This one shocked many investors this year.
It delivered:
49.8% return this year.
Why?
Because it invests only in:
Sharia-compliant stocks
Halal fixed income instruments
Sukuk
Ethical businesses
No riba.
No alcohol.
No gambling.
No forbidden sectors.
This is halal wealth building.
3. SUKUK (Islamic Bonds)
Sukuk is one of the purest Islamic investments.
Many Muslims don’t know this.
Sukuk = You own a piece of a government project, and you receive profit from that project.
Not interest.
Not riba.
For Examples:
Federal Government Sukuk for road construction
State government Sukuk for bridges
Corporate Sukuk for real estate projects
This is allowed because the return is tied to real assets, not interest.
4. HALAL STOCK MARKET INVESTING
(Yes, Muslims can buy stocks - but with rules)
You can invest in stocks as long as the company is Sharia-compliant.
Which companies qualify?
They do not make money from haram businesses
Their debt-to-equity ratio is within Islamic limits
Their income is tied to real value creation
Examples of generally halal sectors:
Agriculture
Telecoms
Cement
Healthcare
Manufacturing
Energy
Transportation
Technology
Infrastructure
Stocks like MTN, Dangote Cement, BUA Foods, Transcorp (depending on Sharia screening), etc., can qualify.
5. REAL ESTATE (Always Halal)
As long as it is clean business, Muslims can invest in:
Rental property
Farmland
Commercial real estate
Short-let apartments
Land flipping
It is tangible.
It is clean.
It generates halal profit.
Now Let Me Tell You A Short Story…
One day, Mama Ngozi went to her neighbor, Musa, a Muslim brother, and asked him:
“Please, Musa teach me how to invest like you. Every time I see you, you are calm. No panic. No financial stress.”
Musa smiled and said:
“Our religion teaches us to avoid riba… but it also teaches us how to create wealth the halal way.”
He showed her NIDF.
He showed her Sukuk.
He showed her ARM Sharia funds.
He showed her halal stock investing.
Mama Ngozi started with ₦20,000 monthly.
One year later…
Her money was working.
Her dividends were growing.
She had peace.
Then she asked him:
“But why did Islam forbid riba?”
He replied:
“Because riba takes advantage of the weak.
But halal investment builds communities.”
She understood.
She started teaching others.
And that is how wealth spreads — not through greed, but through wisdom.
Before I forget:
Let me say this....
(Read This slowly)
Islam is not against wealth.
Islam is against exploitation.
If you follow the halal path, your wealth becomes a blessing…
…and even the angels record it as good deeds.
Whether you are:
A Muslim brother
A Muslim sister
A Christian curious about Islamic finance
Or Mama Ngozi in the village
You can build wealth the halal way.
Just follow the rules.
If you want me to teach:
“How to Start Halal Investing With as Low as ₦5,000 Monthly”
COMMENT:
“IKING TEACH ME HALAL INVESTING.”
When I see enough comments, I will drop the next episode.
My name is Iking Ferry,
Founder, Pulseford Business School
Your Financial Literacy Advocate,
A Financial Accountant and student of Islamic Finance
A teacher on a mission to raise 1 million financially free Nigerians
without ever violating their faith.
The streets gave me my eyes…
But the books made me dangerous.
Now I use both to guide you.