Group launches N500m halal fund

Alpha10 Group, a financial services provider, has launched a N500m Halal Fund aimed at deepening ethical and non-interest investment opportunities for Nigerians. The fund, which was launched on Wednesday in Abuja, is part of the company’s effort to drive access to structured wealth management products while addressing gaps in capital allocation across underserved segments of […]

Alpha10 Group, a financial services provider, has launched a N500m Halal Fund aimed at deepening ethical and non-interest investment opportunities for Nigerians.

The fund, which was launched on Wednesday in Abuja, is part of the company’s effort to drive access to structured wealth management products while addressing gaps in capital allocation across underserved segments of the economy.

Speaking at the event, the Group Managing Director, Abigail Utomi, described the launch of the Halal Fund as a strategic milestone in the company’s growth trajectory.

She said, “Alpha10 is committed to broadening access to wealth management solutions that reflect both market realities and investor preferences, particularly within the ethical finance space as the initiative is part of the group’s wider ambition to deepen market penetration, enhance product diversity, and strengthen investor confidence in alternative financial instruments.”

According to her, the launch represented more than just the introduction of a new fund, but a strategic expansion of the company’s investment ecosystem as investors can invest with as low as N1,000.

She also emphasized that the company’s expansion strategy is driven by its presence in Abuja and across other states, enabling it to reach investors across Nigeria’s geopolitical zones, noting that ethical investment is increasingly becoming a key driver of global financial markets, and Nigeria must align with this trend to unlock broader capital opportunities.

Also speaking, the Chairman of the Board of Directors, Chibuzo Ekwekwuo, also highlighted the importance of sustainable financial systems that can bridge the gap between capital providers and those requiring funding.

He said the financial services industry must move beyond serving only a narrow segment of the population, stressing the need for solutions that reach individuals across all income levels, adding that the N500m Halal Fund is expected to support investors seeking ethical and non-interest investment options.