By Nana Musa
Alpha10 Fund Management Limited has inaugurated 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 on Wednesday said the initiative would broaden investment opportunities.
She said that the opportunities are also available to the underserved segments of the population.
Utomi said the fund reflected the company’s commitment to market expansion, product diversification and wealth creation for investors across the country.
She said Alpha 10 focuses on connecting capital owners with businesses and individuals requiring funding for productive ventures.
According to her, the company believed that “every Nigerian deserves access to wealth management solutions regardless of faith, beliefs or personal preferences”.
Utomi said the firm was leveraging ethical and value-driven investments to create wealth while supporting economic growth and business development.
“Abuja is where the company is headquartered and it’s a strategic location for extending financial services across Northern Nigeria and beyond.”
Utomi said the low entry threshold would encourage participation by individuals traditionally excluded from formal investment opportunities.
She said that the fund was structured to comply with ethical and Sharia principles while remaining open to all investors.
Utomi said that investors could add funds at any time and withdraw after a mandatory 90-day lock-in period.
She added that the fund operated through a digital platform that allowed investors to monitor, fund and redeem investments conveniently.
According to her, Alpha 10 plans to introduce a mobile application to further improve access and customer experience.
Utomi said the company targets returns above industry averages through active portfolio management and technology-driven investment strategies.
She assured investors that the fund was regulated by the Securities and Exchange Commission (SEC) and held in custody by UBA.
The CEO said that redemption requests were typically processed within 24 hours, despite a statutory processing period of 72 hours.
The Chairman Board of Directors at Alpha 10, Mr Chibuzo Ekwekwuo, said the fund aligned with the firm’s vision of delivering sustainable value to stakeholders.
He said that the company was committed to bridging the gap between investors and those needing capital through innovative financial products.
Ekwekwuo said that the fund was designed to serve investors across income levels, including people at the bottom of the economic pyramid.
According to him, the halal fund has a minimum entry requirement of N1,000, making it accessible to small savers and large investors alike.
Ekwekwuo said 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 savings culture and strengthen participation in the nation’s capital market.
The Independent Executive Director, Alhaji Mohammed Umar, said that fund would deepen financial inclusion and expand investment opportunities for Nigerians.
He said the fund was designed to accommodate both small and large investors across the country.
Umar said that the initiative would provide investment access to individuals who previously lacked opportunities to grow their savings.
He said that the halal structure of the fund would attract people who were discouraged from conventional banking due to concerns about interest-based transactions.
Umar said the product would particularly appeal to many residents in Northern Nigeria seeking Shariah-compliant investment options.
According to him, the initiative will help bring more unbanked individuals into the formal financial system.
He said the investment platform offers easy access to information, enabling investors to monitor their funds conveniently.
Umar added that the product’s transparency would boost investor confidence and encourage participation.
He said that that halal fund was created to serve both small savers and high-net-worth investors.
Umar said that the fund would contribute significantly to efforts aimed at expanding financial inclusion nationwide.
He urged Nigerians to take advantage of the investment opportunity to build wealth through ethical and inclusive financial products. (NAN)
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Edited by Rotimi Ijikanmi
