CrusaderSterling launches non-interest pension fund

CrusaderSterling Pensions, a Pension Fund Administrator (PFA) has launched its Non-Interest Fund VI in line with the Multi-Fund Investment Structure of the Pensions Industry. The company said the objective is to provide wider Investment Portfolio choices to Retirement Savings Account (RSA) holders and retirees. The Managing Director, Mr. Adeniyi Falade, said “the Non-Interest Pension Fund, […]

CrusaderSterling Pensions, a Pension Fund Administrator (PFA) has launched its Non-Interest Fund VI in line with the Multi-Fund Investment Structure of the Pensions Industry.

The company said the objective is to provide wider Investment Portfolio choices to Retirement Savings Account (RSA) holders and retirees.

The Managing Director, Mr. Adeniyi Falade, said “the Non-Interest Pension Fund, which is known as Fund VI fully complies with the provisions of Islamic Commercial Jurisprudence and other established non-interest principles, where assets are only to be invested in instruments that are free from speculation and uncertainty that could lead to destruction or loss.”

He explained that “Non-interest Pension Fund is not simply just an interest-free system but a universal system that operates in developed and emerging markets and takes into account cultural and regional differences.”

He noted that the required investment strategy and back-end operations have been robustly established to ensure seamless operation of the Fund by CrusaderSterling Pensions Limited.