By Emma Ujah, Abuja Bureau Chief
Alpha 10 has launched a Halal Fund, a Sharia-compliant investment product designed to expand access to ethical financial solutions for Nigerians seeking investments that align with Islamic commercial principles and other faith-based values.
Speaking with journalists after the launch in Abuja on Wednesday, the Group Managing Director of Alpha 10, Mrs. Abigail Utomi, said the fund was created to provide both Muslims and non-Muslims with investment opportunities that reflect their beliefs and ethical preferences.
“We believe strongly that everybody should be able to access wealth management solutions that meet their needs, regardless of their beliefs, faith or preferences. Alpha 10 is expanding the range of options available to the investing public,” she said.
Utomi noted that the company’s presence across Nigeria’s geopolitical zones informed the decision to introduce the product, adding that ethical investments promote value creation and economic growth.
“We know that the ethical investment space is asset-based, economically driven and value-adding. We believe that bringing these ecosystems together will create wealth while positively impacting businesses, individuals and the economy,” she said.
She added that the company’s future was tied to its ability to impact lives and businesses positively.
A major feature of the Halal Fund, according to Utomi, is its accessibility, with a minimum investment threshold of just N1,000.
“This fund has a very low entry point of N1,000. While there are similar products in the market, many have higher entry requirements, making them inaccessible to certain categories of investors,” she said.
She explained that the fund is open to both small and large investors and provides an alternative for individuals who avoid conventional banking products because of interest-related concerns.
According to her, Halal financial products can significantly enhance financial inclusion in the country by bringing more people into the formal investment space.
Utomi also highlighted the fund’s technology-driven features, including an online portal that enables investors to access real-time information on their accounts.
“In our investment strategy, we are applying innovative and technology-driven solutions to achieve optimal asset selection and investment efficiency,” she said.
She disclosed that investors can fund their accounts, monitor investments and make withdrawals online, while a mobile application is also being developed to enhance user experience.
“Whether you are in your shop or running your business, you can access the product, fund it and liquidate part or all of your investment when necessary,” she added.
The GMD said the fund offers flexibility, allowing investors to access their funds after specified periods without unnecessary restrictions.
Speaking at the launch, Chairman of the Group, Mr. Chibuzor Ekwekwuo, said the Halal Fund was introduced to broaden investment opportunities and provide more avenues for Nigerians to grow their wealth.
He stated that Alpha 10 is regulated by relevant authorities, including the Securities and Exchange Commission (SEC), and operates in line with the highest professional standards.
According to him, the company’s vision is to become a leading financial services group that delivers sustainable value to all categories of investors.
“To achieve that vision, we must bridge the gap between those who have funds and those who need them. We must also ensure that financial solutions are accessible to people at all levels of society,” he said.
Ekwekwuo noted that financial services should not be reserved for the middle and upper classes alone, stressing the need to extend investment opportunities to those at the base of the economic pyramid.
“Our mission is to continuously deliver quality financial solutions that create value for all stakeholders. That mission is driven by professionalism, accountability, trust and a commitment to meeting the needs of our clients,” he added.
