Financial services group Alpha10 has unveiled a N500 million halal fund aimed at expanding financial inclusion and strengthening the country’s alternative investment landscape. The initiative was announced at a press conference in Abuja on Wednesday as part of the company’s broader strategy to diversify its product offerings and reach underserved segments of the population.
The fund is structured to provide ethical investment opportunities and wealth management products tailored to individuals seeking Shariah-compliant financial solutions. Alpha10’s managing director stated that the launch represents a significant step in the firm’s market expansion efforts, adding that every Nigerian regardless of religious belief or financial preference should have access to suitable wealth management options.
Brandspur Banking News Desk understands that the halal fund aligns with rising demand for asset-based, value-driven ethical investments in Nigeria. The company’s group managing director noted that converting current economic challenges into value-creating financial products remains a core focus, and that expanding ethical investment access could generate individual wealth, support business growth, and stimulate broader economic activity.
Alpha10’s board chairman emphasised that sustainable financial systems are essential for bridging the gap between capital providers and those seeking funding, calling on the industry to move beyond serving only narrow income brackets. An independent non-executive director added that a significant proportion of Nigerians remain underserved by formal investment products, and that expanding the financial ecosystem is critical for long-term economic development. The company reaffirmed its commitment to professionalism, accountability, and responsiveness to stakeholder needs.
