NIGERIA: Asset & Resource Management Company (ARM), a non-bank financial services institution with investment management expertise, has launched an Islamic mutual fund called ARM Ethical Fund.
The fund operates under the guidance of a Shariah advisory board consisting of professor Auwalu Hamisu Yadudu, professor of law at Bayero University in the Nigerian state of Kano; Tunde Dabiri, the chairman of marketing and communications group of Lawson Thomas and Colleagues Group; Sadiq Mohammed, the deputy CEO of ARM; and Dr Lateef Adetona, an associate professor of Islamic contemporary studies at Lagos State University.