‘Wealth Must Be Protected’: Sanusi urges Muslims to embrace ethical investments

Kano Emir Muhammadu Sanusi II urged Muslims to protect their wealth through financial products that comply with Islamic principles, saying ethical investment options could help address concerns about conventional banking.

Sanusi made the appeal in Kano at the launch of Afrinvest’s Ethical Wealth Solutions and Stakeholders Session. He encouraged Muslims to consider banking, insurance and investment services designed around Sharia principles, with particular emphasis on managing and protecting wealth.

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These past few years, we have heard of infernos in markets. It is a natural occurrence. Today it is your neighbour, tomorrow it may be you.

He also urged traders to insure their businesses, citing the frequent fires reported in markets across Nigeria. “These past few years, we have heard of infernos in markets. It is a natural occurrence. Today it is your neighbour, tomorrow it may be you,” he said. “We encourage traders to take up insurance to prevent the loss. When you have a fire, it should not be the end of your business or make you go bankrupt.”

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We encourage traders to take up insurance to prevent the loss. When you have a fire, it should not be the end of your business or make you go bankrupt.

Ike Chioke, Afrinvest West Africa’s group managing director, said the company’s expansion in Kano focused on trust, long-term relationships and access to a wider range of investments. He said Afrinvest’s foundation had established a 35-seat ICT centre at the Emir’s Palace, equipped with a 15-kilowatt solar system and internet access for digital education.

Chioke said the facility would also connect users with digital resources from major libraries worldwide. The palace holds more than 300,000 books, many of which have been digitised, including materials on Kano’s history and culture.

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The key message here is one of trust and relationship. Afrinvest is a trusted institution. We have been around for 30 years and have built a business based on reputation, relationships and trust.

Afrinvest highlighted its Sharia-compliant products, including the Afrinvest Halal Fund and ethical stocks available through the Afrinvestor app. Chioke said the fund operates under expert committee supervision and that users can also access Nigerian Exchange stocks, federal savings bonds, commercial papers and treasury bills.

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Afrinvest is not just a financial advisory firm that sells all manners of financial products and services. We also have Sharia-compliant investment products for Islamic faithful clients.