Islamic Finance Could Provide Strategic Funding Opportunities for Nigeria: FBNQuest Asset Management

Ifeoluwa Dixon, Senior Vice President and Head of Fixed Income Portfolio Management at FBNQuest Asset Management, highlighted the role Islamic finance could play in supporting Nigeria’s economy. Speaking during a recent discussion titled “Islamic Finance, Economic Empowerment, and Financial Inclusion”, Dixon noted that Islamic finance could be a strategic funding source for financial markets to broaden bases and become more inclusive. Given the principles behind Shariah-compliant financing, such funds could be used towards the country’s infrastructure development, including in the health, education, and transportation sectors.

Dixon also highlighted the ethical principles behind Islamic finance practices and instruments for both individuals, as well as i...