i-invest Introduces Ethical Investment on Digital Platform
Nume Ekeghe
In a move towards inclusive and faith-aligned investing, i-invest recently announced the launch of the Mudarabah Term Deposit (MTD) on its revolutionary app.
The firm in a statement noted that Mudarabah, an Islamic financial concept that epitomises a partnership contract between an investor who provides capital and an Investment Manager.
It added that this distinctive arrangement involves the capital provider entrusting funds for investment to be skillfully managed by the investment manager.
Chief Operating Officer at i-invest, Tobi Olusoga said: “At i-invest, we are committed to inclusivity and providing our customers with innovative investment opportunities that align with their values. The Mudarabah Term Deposit product is a testament to our dedication to ethical and compliant investing, ensuring that our customers’ investments resonate with their values and beliefs.”
She added that i-invest’s Mudarabah offering is a carefully curated investment package, embodying Shariah compliance at its core. Upon maturity, the capital, along with theprofits, is returned to the investor, reinforcing the commitment to transparency and ethical financial practices.
