Alpha 10 Targets N10bn Asset Growth In 5 Years, Unveils Halal Fund

Alpha 10 Financial Services Group is targeting to grow its assets under management (AUM) to N50 billion within the next five years, even as it has unveiled a Shari’ah-compliant investment product, Alpha 10 Halal Fund.

The group said the new fund is designed to provide investors with ethical investment opportunities that combine capital preservation, liquidity and competitive returns, while broadening access to wealth management solutions across different segments of society.

Speaking at the launch of the fund in Abuja on Wednesday, the group managing director of Alpha 10, Abigail Utomi, said the company was focused on expanding investment opportunities for Nigerians regardless of their religious beliefs or personal preferences.

She said the introduction of the Halal Fund formed part of the group’s strategy to deepen participation in the financial market and extend investment solutions to underserved segments of the population.

“We believe strongly that everybody should be able to access wealth management solutions that meet their needs regardless of their beliefs, faith and preferences,” Utomi said.

The Chairman of Alpha 10’s board of directors, Chibuzo Ekwekwo, said the company’s long-term objective is to become one of Nigeria’s leading financial services groups by creating sustainable value for investors and businesses.

“Our focus is to be a leading financial services group in Nigeria that is delivering sustainable value,” he said.

Ekwekwo noted that bridging the gap between providers of capital and those who require funding remains central to the company’s business model.

He also dismissed the notion that the Halal Fund is exclusively for Muslims, stressing that the product is open to investors of all faiths. “While this is modelled along the Islamic faith, it is actually available to all faiths,” he said.

According to the GMD, the ethical investment space presents opportunities for wealth creation while supporting productive economic activities, adding that the firm intends to leverage such opportunities to positively impact businesses, individuals and the broader economy.

Utomi disclosed that the company currently manages three investment funds and expects their combined assets under management to reach at least N50 billion within five years. “Within the next five years, we should have expanded that to at least N50 billion amongst all funds that we bring to the market. We intend to rank amongst the top 20 funds in the market by net asset value,” she said.

She also projected that the newly launched Halal Fund would exceed N10 billion in size over the same period, starting from its current minimum fund size of N500 million.

The Alpha 10 chief said one of the fund’s distinguishing features is its low entry threshold, which she noted would make it accessible to categories of investors often excluded from conventional investment products.

She argued that many financial products in the market remain out of reach for lower-income earners due to relatively high investment requirements. “At the moment, it appears that the financial solutions market is just for the people at the middle and the people on top. We have to find a way to also bring the people at the bottom of the pyramid,” she said.

Utomi explained that the fund is structured as an open-ended investment vehicle, allowing investors to enter and exit after a 90-day minimum holding period. She added that contributors would be able to monitor their investments through a digital platform and an upcoming mobile application.

She said Alpha 10 would actively manage the fund’s portfolio through investments in Sukuk, Mudarabah arrangements and other permissible instruments, with the aim of delivering returns above the industry average.

Highlighting the company’s recent performance, Utomi revealed that Alpha 10’s money market fund, launched in December 2025, had grown beyond its initial approved size within a short period.

“Our money market fund that was recently launched in December last year has exceeded its approved size. We increased the fund size from N1 billion to N3 billion within about 90 days,” she said.

Looking ahead, Utomi disclosed that the company plans to introduce additional specialised investment products, including an informal sector fund targeted at grassroots entrepreneurs and a Real Estate Investment Trust (REIT) to support housing and infrastructure development.

She said Alpha 10 would continue to develop solutions that promote financial inclusion, support small businesses and expand access to investment opportunities across the country.