Real estate, fixed income funds underpin Nigeria’s Islamic assets growth

NIGERIA: The bulk of Islamic funds within Nigeria tracked by the IFN Investor Funds Database is made up of real estate-focused offerings, comprising almost half of the industry’s total US$78.27 million AuM at the end of Q2 2025.

Real estate funds stood at US$38.29 million, up 8.59% from US$35.26 million in the first quarter.  Ranked next was the fixed income instruments category – where total funds AuM posted a modest 1.74% increase to US$26.4 million in the second quarter from US$25.94 million in Q1 2025.

The total Sukuk funds AuM total climbed 3.18% to US$7.26 million from US$7.04 million previously while the equities category rose 13.43% to US$1.46 million from US$1.29 million before. Mixed asset funds gained as they draw largely from equities, Sukuk and fixed income – up 16.4% to US$4.86 million in Q2 2025 from US$4.18 million previously.

Overall, the total Islamic funds AuM expanded 6.19% from US$73.71 million in Q1 2025.