Alpha10 Group Launches N500m Halal Fund To Boost Ethical Wealth Management

Alpha10 Group has launched a N500m Halal Fund aimed at deepening ethical investment opportunities, expanding financial inclusion, and strengthening Nigeria’s growing non-interest finance ecosystem.

The fund, unveiled at a formal event on Wednesday in Abuja, is part of the company’s broader strategy to widen access to structured wealth management products while addressing gaps in capital allocation across underserved segments of the economy.

The launch brought together executives of the Alpha10 Group, board members, investors, and representatives of the media, with the company describing the initiative as a milestone in its push to expand product offerings within Nigeria’s financial services sector.

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.

Utomi noted that 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.

She added that the firm remains focused on converting economic challenges into opportunities for wealth creation, while ensuring that investment solutions remain inclusive, transparent, and value-driven.

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.

She noted that Alpha10 is committed to deepening the market by providing a wider range of financial solutions tailored to different investor needs, particularly in the ethical and faith-based investment space.

Shw noted that the firm operates as a financial services group licensed by the Securities and Exchange Commission (SEC) to provide fund and portfolio management, securities trading, and advisory services.

She explained that the group plays a critical role in channeling capital from surplus holders to productive sectors of the economy, particularly those that are underserved.

Utomi added that the Nigerian economy continues to present both challenges and opportunities, stressing that Alpha10 has positioned itself to convert economic constraints into viable investment solutions.

The GMD further noted that the Halal Fund is designed to serve investors with diverse beliefs and preferences, reinforcing the firm’s commitment to inclusivity.

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.

According to her, ethical investment is increasingly becoming a key driver of global financial markets, and Nigeria must align with this trend to unlock broader capital opportunities.

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.

Ekwekwuo explained that Alpha10’s mission is to consistently deliver financial solutions anchored on professionalism, accountability, trust, and responsiveness to stakeholders’ needs.

He expressed confidence that the group’s expanding capabilities and dedicated workforce would enable it to take a stronger position in Nigeria’s financial services landscape in the coming years.

Also speaking, Independent Non-Executive Director at Mohammed Umar, said the financial services sector must do more to bridge the gap between those with capital and those in need of funding.

He observed that access to financial services in Nigeria has often been skewed toward middle- and upper-income participants, adding that deliberate efforts are required to ensure that financial solutions reach all segments of society.

Umar stressed that Alpha10’s approach is anchored on accountability, professionalism, trust, and stakeholder engagement, noting that sustainable value creation remains central to the group’s mission.

He added that expanding the financial ecosystem is critical to delivering long-term economic development, particularly in a market where a significant portion of the population remains underserved by formal investment products.

The N500m Halal Fund is expected to support investors seeking ethical and non-interest investment options, while contributing to broader efforts to deepen financial inclusion and expand Nigeria’s alternative investment market.