The Nigerian Exchange Limited (NGX) has launched the NGX Non-Interest Finance Board, a dedicated platform designed to enhance visibility, accessibility, and transparency for non-interest financial instruments in the Nigerian capital market. The board was officially unveiled on Monday, August 4, 2025.
According to NGX, the initiative is part of its broader mandate to deepen the Nigerian capital market, promote financial inclusion, and foster innovation and diversification in the nation’s financial ecosystem.
The NGX Non-Interest Finance Board is a multi-asset platform that will host securities compliant with non-interest (Islamic) finance principles across various asset classes, including equities, bonds, and Exchange Traded Funds (ETFs).
At launch, the following instruments were migrated and listed on the board:
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Bonds:
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15% TAJ SUKUK S1 (TAJSUKS1)
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14.675% LASUK MAY 2030 (LASUK2030S2)
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13.00% FHSUK JUL 2028 (FHSUK202801)
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14.00% FHSUK SEP 2029 (FHSUK202902)
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15.743% FGN DEC 2025 (FGSUK2025S2)
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11.200% FGN JUN 2027 (FGSUK2027S3)
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13.00% FGN DEC 2031 (FGSUK2031S4)
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15.64% FGN DEC 2032 (FGSUK2032S5)
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15.75% FGN OCT 2033 (FGSUK2033S6)
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Equity:
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ETF:
NGX stated that the launch of the Non-Interest Finance Board demonstrates its commitment to advancing sustainable finance and expanding the range of innovative products available to both domestic and international investors, including those seeking Shari’ah-compliant or ethical investment vehicles.
The exchange added that Trading License Holders and other market participants can now access a consolidated universe of non-interest financial instruments through the new platform.