By Gabriel Ameh
Alpha10 Group has launched a ₦500 million Halal Fund aimed at expanding ethical investment opportunities, improving financial inclusion, and supporting the growth of Nigeria’s non-interest finance sector.
The fund was unveiled during an official launch ceremony held in Abuja on Wednesday.
Speaking at the event, the Managing Director of Alpha10 Group, Abigail Utomi, described the initiative as a major milestone in the company’s strategy to diversify investment products and provide inclusive wealth management solutions for Nigerians.
According to her, the fund is designed to meet the needs of investors seeking ethical and sharia-compliant investment options while also creating access to structured financial products for underserved segments of the 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 said.
She explained that the Securities and Exchange Commission (SEC)-licensed company is positioning itself to transform economic challenges into investment opportunities through innovative financial products.
Utomi added that the Halal Fund is open to investors from diverse backgrounds and beliefs, noting that ethical investing is gaining increasing global acceptance across financial markets.
The company also disclosed plans to leverage its operations in Abuja and other states to reach investors across Nigeria’s geopolitical zones and channel capital into productive sectors of the economy.
Chairman of the Board of Directors, Chibuzo Ekwekwuo, said the financial services industry must become more inclusive and responsive to the needs of wider segments of society.
“The financial services industry must move beyond serving only a narrow segment of the population,” he stated.
Ekwekwuo said the company remains committed to delivering financial solutions built on professionalism, accountability, trust, and stakeholder responsiveness.
Also speaking, Independent Non-Executive Director, Mohammed Umar, noted that access to formal investment products in Nigeria has historically favored middle- and upper-income earners.
He stressed the importance of expanding financial access to underserved populations to support long-term economic growth and inclusion.
The ₦500 million Halal Fund is expected to begin operations immediately, targeting investors interested in non-interest and ethical investment opportunities while contributing to the development of Nigeria’s alternative investment market.
