Lamido Yuguda, the director general of the Securities and Exchange Commission (SEC), stated in Abuja that the recently released Capital Market Master Plan (2021-2025) revised edition projects the listing of 50 Shariah-compliant products with a market capitalization of at least N5 trillion by the year 2025.
Recently, the Market witnessed the entrance of institutions offering Non-Interest capital market services/products and the oversubscription of the FGN and corporate Sukuk, further buttresses the need for this workshop to encourage the development of Shariah experts for the Market. The workshop is aimed at exposing participants who have the potential to provide Shariah advisory services for the Islamic Finance Industry, particularly the Non-Interest Capital Market’s operations as it relates to Shariah principles and rulings. It is also planned to be in two levels, Level 1 and 2.
Level 1, is focused on the basic areas of Financial Market Structure and Operations of the Capital Market, Shariah principles and contracts relating to Non-Interest Capital Markets as well as Shariah issues relating to the operations and businesses of the Market, among others while level-2 which will address the operation of the Sukuk and Equity Markets.
