Abuja: Alpha10 Fund Management Limited has inaugurated a Halal investment fund aimed at expanding financial inclusion and providing ethical wealth management solutions for Nigerians. The Managing Director and Chief Executive Officer (CEO), Abigail Utomi, during the inauguration in Abuja, stated that the initiative would broaden investment opportunities, particularly for underserved segments of the population. Utomi emphasized that the fund reflects the company’s commitment to market expansion, product diversification, and wealth creation for investors across the country.
According to News Agency of Nigeria, Alpha10 focuses on connecting capital owners with businesses and individuals requiring funding for productive ventures. Utomi highlighted the company’s belief that every Nigerian deserves access to wealth management solutions regardless of faith, beliefs, or personal preferences. She noted that the firm is leveraging ethical and value-driven investments to create wealth while supporting economic growth and business development. With the company’s headquarters in Abuja, Utomi emphasized its strategic location for extending financial services across Northern Nigeria and beyond.
Utomi explained that the low entry threshold would encourage participation by individuals traditionally excluded from formal investment opportunities. The fund is structured to comply with ethical and Sharia principles while remaining open to all investors. Investors can add funds at any time and withdraw after a mandatory 90-day lock-in period. The fund operates through a digital platform that allows investors to monitor, fund, and redeem investments conveniently. Utomi added that Alpha10 plans to introduce a mobile application to further improve access and customer experience.
The company targets returns above industry averages through active portfolio management and technology-driven investment strategies. Utomi assured investors that the fund is regulated by the Securities and Exchange Commission (SEC) and held in custody by UBA. The CEO mentioned that redemption requests are typically processed within 24 hours, despite a statutory processing period of 72 hours.
The Chairman of the Board of Directors at Alpha10, Mr. Chibuzo Ekwekwuo, mentioned that the fund aligns with the firm’s vision of delivering sustainable value to stakeholders. He reiterated the company’s commitment to bridging the gap between investors and those needing capital through innovative financial products. Ekwekwuo noted that the fund is designed to serve investors across income levels, including people at the bottom of the economic pyramid. The halal fund has a minimum entry requirement of N1,000, making it accessible to small savers and large investors alike.
Ekwekwuo emphasized that the Halal fund would support financial inclusion by attracting individuals who avoid conventional banking because of interest-related concerns. He added that the product would provide a secure and transparent investment channel for Nigerians seeking ethical financial solutions. The chairman expressed confidence that the initiative would expand the savings culture and strengthen participation in the nation’s capital market.
The Independent Executive Director, Alhaji Mohammed Umar, stated that the fund would deepen financial inclusion and expand investment opportunities for Nigerians. Umar highlighted that the fund is designed to accommodate both small and large investors across the country. He pointed out that the initiative would provide investment access to individuals who previously lacked opportunities to grow their savings.
Umar noted that the halal structure of the fund would attract people who were discouraged from conventional banking due to concerns about interest-based transactions. He mentioned that the product would particularly appeal to many residents in Northern Nigeria seeking Shariah-compliant investment options. According to Umar, the initiative will help bring more unbanked individuals into the formal financial system. He added that the investment platform offers easy access to information, enabling investors to monitor their funds conveniently. Umar concluded by saying that the product’s transparency would boost investor confidence and encourage participation.
Umar reiterated that the halal fund is created to serve both small savers and high-net-worth investors. He stated that the fund would contribute significantly to efforts aimed at expanding financial inclusion nationwide. Umar urged Nigerians to take advantage of the investment opportunity to build wealth through ethical and inclusive financial products.