FGN Sukuk
Definition
What is FGN Sukuk?
A Sharia-compliant investmentAn asset or commitment of money made with the expectation of future income, growth, or both. certificate issued by the Federal Government of Nigeria and linked to eligible assets or projects.
Example in practice
How This Looks in Practice
Investors receive periodic rental-like distributions from an FGN Sukuk.
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Related Terms
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Nigeria's principal securities exchange, where listed shares, bonds, ETFs, and other instruments trade.
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A broad index designed to measure price movements of eligible equities listed on the Nigerian Exchange.
Nigeria InvestingCentral Securities Clearing System
Nigeria's central securities depository and clearing infrastructure for eligible capital-market securities.
Fund BasicsMutual Fund
A pooled investment vehicle that combines money from many investors into one professionally managed portfolio.