Abuja, Nigeria – May 2025
The Federal Government of Nigeria, through the Debt Management Office (DMO), has officially opened the N300 billion Series VII Sovereign Sukuk for public subscription. This offering presents a viable Halal investment opportunity for Muslims across the country who seek to grow their wealth in line with Islamic financial principles.
The Sovereign Sukuk is a non-interest-bearing, asset-backed financial instrument structured in compliance with Shari’ah. Proceeds from the subscription will be used to fund key infrastructure projects nationwide, including roads, schools, hospitals, and bridges. Investors will earn profits generated from the usage of these physical assets, without any involvement in riba (interest).
This initiative aligns with the growing demand for ethical and faith-compliant financial options in Nigeria. The Sukuk is designed to cater to both retail and institutional investors, including individuals, cooperatives, and Islamic organisations.
The subscription window closes on May 20, 2025. Interested participants are encouraged to visit the official website of the Debt Management Office at www.dmo.gov.ng for full details and instructions.
Further enquiries can be directed to enquiries@dmo.gov.ng or via telephone on +234 815 819 7240.
With this issuance, the Federal Government reinforces its commitment to inclusive financing, offering Nigerian Muslims a platform to invest responsibly while supporting national development.