The Securities and Trade Fee has stated that the revised version of the Capital Market Masterplan (2021 – 2025) that was just lately launched has a projection of 50 listings of Shariah compliant merchandise with a market capitalisation of at the least N5 trillion by the yr 2025.
This was disclosed by Director Common of the SEC, Mr. Lamido Yuguda through the opening of a three-day capability constructing workshop for native Shariah expertise for Non-Curiosity Capital Market held on the SEC head workplace in Abuja, Wednesday.
Yuguda who was represented by the SEC’s Govt Commissioner Operations, Mr. Dayo Obisan, stated that the Non-Curiosity Capital Market (NICM) additionally has the next new targets: guaranteeing 100 retail Shariah-compliant merchandise; and projection of 1 million or extra direct buyers in Shariah-compliant merchandise with at the least N5 trillion funding by institutional buyers in Shariah compliant merchandise.
Yuguda famous that with these new duties, selling capacity-building programmes, comparable to theWorkshop, on Shariah-compliant processes and merchandise (Regulators and Operators) has turn out to be needed for the NCIM.
He stated the Fee, in recognising the potentials of the Non-Curiosity Capital Marketplace for financial progress, devoted a part in its ten-year (2015-2025) Capital Market Masterplan for the speedy improvement of the Market within the Monetary system.
The DG stated the workshop is aimed at exposing members who’ve the potential to supply Shariah advisory providers for the Islamic Finance Trade, significantly the Non-Curiosity Capital Market’s operations because it pertains to Shariah ideas and rulings. Additionally it is deliberate to be in two ranges – 1 and a couple of.
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