Not compliant
Critical Minerals Financing Corp does not pass Shariah screening under the AAOIFI Standard.
NGX: CMFC · Financial services · Screened 18 Aug 2026
Critical Minerals Financing Corporation Plc is a Nigerian SEC-regulated, NGX-listed investment bank focused on financing, developing and scaling the critical minerals value chain. The company was formerly Deap Capital Management & Trust Plc and completed its transition to its current name and the CMFC ticker following shareholder approval at an extraordinary general meeting on 12 March 2026, receipt of regulatory approvals and a new certificate of incorporation from the Corporate Affairs Commission. Its stated focus is financing, investment, advisory services and transaction structuring across the mining and critical minerals value chain, positioning itself as a private-sector platform for the sector. Chairman Lamon Rutten described the company as "Africa's premier private-sector minerals finance group."
It has been listed on the Nigerian Exchange since 17 December 2007 and carries a market capitalisation of approximately N5.06 billion. Banklink Africa Private Equities Limited has injected approximately N6 billion through a recapitalisation programme, and the company has secured commitments from high-net-worth investors in Saudi Arabia, the UAE, and Europe. The company is headquartered in Victoria Island, Lagos. Its board is chaired by Lamon Rutten (founding CEO of Saudi Mining Exchange and Mumbai Commodity Exchange), with Dr Israel Ovirih serving as President & Co-CEO, and board members including Kenneth Oliesh, Jonathan Idupu, Joseph Asaolu, Edmond Ani, and Joel Omole.
Financing, advisory and investment activities directed at the mining and critical minerals sector.
No. As of 18 August 2026, Critical Minerals Financing Corp (CMFC) does not pass Shariah screening under the AAOIFI Standard.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.