Not compliant
United Capital does not pass Shariah screening under the AAOIFI Standard.
NGX: UCAP · Financial services · Screened 3 Sept 2026
United Capital Plc and its subsidiaries provide investment banking, portfolio management, securities trading and trusteeship services in Nigeria, with a presence in Ghana and operations spanning 12 African countries. The group has secured regulatory licences to operate in Ethiopia and Rwanda—the first African financial services institution to do so. The group reports across Investment Banking, Asset Management, Pan Africa, UCAP Asset Management West Africa, Wealth Management, Trustees, Securities Trading, Consumer Finance and UCEE Microfinance Bank segments. Investment Banking provides corporate advisory, project finance, debt restructuring, mergers and acquisitions and debt capital markets services. Asset Management operates as fund and portfolio manager and adviser. Wealth Management serves institutions and high net worth clients. Trustees offers trusteeship services and Securities Trading offers stockbroking. Consumer Finance covers consumer lending and the financing of micro, small and medium scale enterprises. Principal subsidiaries include United Capital Trustees Limited, United Capital Asset Management Limited and United Capital Securities Limited. The company employs 256 people as of 2025.
The group has grown its assets under management to N2.3 trillion as of July 2026, up from below N100 billion in 2018, exceeding its N1 trillion target five years ahead of schedule. In H1 2026, gross earnings rose 58% year-on-year to N37.49 billion, profit before tax grew 80% to N24.78 billion, profit after tax grew 77% to N21.10 billion, and earnings per share advanced 77% to 234 kobo from 132 kobo. Shareholders' funds grew 25% to N187.09 billion. The group completed the recapitalisation of its four SEC-regulated subsidiaries to meet revised minimum capital requirements, with United Capital Asset Management meeting the Tier 1 threshold of N10 billion. It holds a 5% equity stake in Nigerian Exchange Group Plc and 25% stakes in Heirs Insurance Limited and Heirs Assurance Limited. Peter Ashade serves as Group Chief Executive Officer, with Samuel Nwanze as a Non-Executive Director and Chika Mordi as Non-Executive Chairman.
Nine reported segments spanning Investment Banking, Asset Management, Pan Africa, UCAP Asset Management West Africa, Wealth Management, Trustees, Securities Trading, Consumer Finance and UCEE Microfinance Bank.
No. As of 3 September 2026, United Capital (UCAP) 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.