Alpha10 Group has unveiled a ₦500 million Halal Fund aimed at expanding ethical investment opportunities, promoting financial inclusion, and supporting the growth of Nigeria’s non-interest finance sector.
The fund was officially launched on Wednesday during a ceremony in Abuja, marking a significant step in the company’s efforts to provide innovative wealth management solutions tailored to diverse investor needs.
Speaking at the launch, Managing Director of Alpha10 Group, Abigail Utomi, described the initiative as a strategic milestone in the company’s growth and commitment to product diversification.
According to her, the Halal Fund is designed to broaden access to structured wealth management products while addressing capital allocation gaps in underserved sectors of the Nigerian economy.
“Alpha10 is committed to broadening access to wealth management solutions that reflect both market realities and investor preferences, particularly within the ethical finance space,” Utomi stated.
She noted that the Securities and Exchange Commission (SEC)-licensed firm, which specializes in fund and portfolio management, securities trading, and advisory services, is positioning itself to transform macroeconomic challenges into viable investment opportunities.
Utomi emphasized that the Halal Fund is open to investors with varying beliefs and preferences, underscoring the company’s commitment to inclusivity and the growing global relevance of ethical investing.
She further disclosed that Alpha10 Group intends to leverage its operational presence in Abuja and across several states to attract investors from Nigeria’s six geopolitical zones, channeling capital from surplus holders into productive but underserved sectors.
Also speaking, Chairman of the Board of Directors, Chibuzo Ekwekwuo, stressed the need for the financial services industry to embrace a broader segment of the population.
“The financial services industry must move beyond serving only a narrow segment of the population,” Ekwekwuo said, adding that Alpha10’s mission is anchored on professionalism, accountability, trust, and responsiveness to stakeholders’ needs.
In his remarks, Independent Non-Executive Director, Mohammed Umar, observed that access to formal investment products in Nigeria has historically been concentrated among middle- and upper-income earners.
He noted that deliberate efforts to broaden participation in the financial ecosystem are essential for sustainable economic growth and the inclusion of underserved communities.
The newly launched ₦500 million Halal Fund is expected to provide investors with sharia-compliant and non-interest investment options while contributing to the continued expansion of Nigeria’s alternative investment market.
