Not compliant
Custodian Investment does not pass Shariah screening under the AAOIFI Standard.
NGX: CUSTODIAN · Financial services · Screened 20 Aug 2026
Custodian Investment Plc is an investment holding company with interests in life insurance, general insurance, pensions, trusteeship, banking, property and financial services. Its segments span property and casualty insurance, life insurance, pension asset management, trusteeship and company secretarial services, hospitality, asset management, and property development and management. Principal subsidiaries include Custodian and Allied Insurance Limited, Custodian Life Assurance Limited, Crusader Sterling Pensions Limited at 76.55% ownership, UPDC Plc at 51% ownership, and the wholly owned Custodian Trustees Limited.
For 2025, gross revenue rose 48% to N225 billion, with profit before tax of N77 billion and profit after tax of approximately N67–68 billion, up 24% year-on-year. Total assets surged 155% to N1 trillion, crossing the N1 trillion milestone for the first time, while shareholders' equity rose 53% to N199 billion. Insurance service revenue grew from N96 billion to N141 billion, driven by improved underwriting performance and expanded distribution capabilities.
The year included the acquisition of FBNQuest Merchant Bank through the EverQuest Acquisition LLP consortium (comprising Custodian Investment Plc, Aion Investments, and Evercorp Industries), which adds merchant banking, wealth management, and advisory services to the group
Property and casualty insurance, life insurance, pension asset management, trusteeship and company secretarial services, hospitality, asset management, and property development and management.
No. As of 20 August 2026, Custodian Investment (CUSTODIAN) 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.