Altbank Account Acquisition Campaign - Experiential
Campaign Live: Mar 2026 - Dec 2026

Drive Ethical
Banking Growth.

Join the Account Acquisition Campaign. Earn a sustainability-focused reward for expanding access to the alternative bank.

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10,000 Accounts

1 Brand New BYD Seagull

BYD Seagull

Drive Ethical Banking 10,000 Accounts = 1 EV Campaign Ends Dec 24, 2026 No Hidden Deposit Targets Drive Ethical Banking 10,000 Accounts = 1 EV Campaign Ends Dec 24, 2026 No Hidden Deposit Targets

The Initiative

Who Can Claim The Keys?

A structured initiative designed to recognise those who actively support the growth of Shariah-compliant banking. Act as a non-exclusive acquisition agent and introduce eligible individuals to open accounts.

Individuals

Driven individuals looking to make a measurable impact and earn an extraordinary reward for their dedicated hustle.

Business Partners

Agents and business partners looking to expand their service offerings while earning premium, high-value incentives.

Communities

Mosques, schools, associations, and corporates looking to earn a shared asset for public-benefit use and logistics.

The Journey

Your Path to the EV

1

Opt In

Complete the opt-in form and accept terms.

2

Get Your Code

Receive your unique referral/agent code.

3

Facilitate Openings

Introduce individuals to open accounts.

4

Track Progress

Monitor your validated accounts.

Step 5: Achieve Target

Facilitate 10,000 validated accounts and become eligible for the BYD Seagull EV.

Community Participation

Communities may participate, subject to selecting one option at opt-in:

Nominated Individual Beneficiary A named beneficiary is declared upfront to receive the reward.
Community-Owned Asset The EV is owned by the organisation and used strictly for declared public-benefit purposes.
Reward Substitution Pre-agreed substitution of the EV with an alternative Shariah-compliant asset.

What Counts as a Valid Account?

  • Successfully opened and KYC-complete.
  • Account must remain active and valid.
  • One individual equals one qualifying account.
  • Fraudulent or artificially generated accounts are immediately disqualified.
*The Bank reserves the right to review and validate all accounts.

Accept the Challenge

Register to generate your unique referral code.

Frequently Asked Questions

What qualifies a participant for the EV Reward?
The Electric Vehicle is earned only upon successful completion of the defined task. Only participants who facilitate 10,000 validated account openings within the campaign period will be eligible. Effort alone does not guarantee qualification.
What exactly am I being rewarded for?
Participants are recognised for services rendered as acquisition agents, specifically for introducing eligible individuals who successfully open accounts with the Bank. The reward is not linked to deposits, balances, or financial returns.
Can I participate as both a customer and a campaign participant?
Yes. Existing or new customers may participate, provided they opt in as acquisition agents and comply with all campaign terms. Participation in the campaign does not affect your status as a customer of the Bank.
What counts as a valid account opening? [cite: 55]

A valid account must be:

  • Successfully opened through approved channels- altbank app or the online account opening platform. [cite: 57]
  • KYC Complete [cite: 58]
  • Attributed correctly using your referral/agent code [cite: 59]
  • Active and not reversed, duplicated, or flagged for abuse [cite: 60]

The Bank reserves the right to validate and approve all qualifying accounts.

What happens if some accounts are later disqualified?
If accounts are found to be invalid due to duplication, fraud, incomplete KYC, or breach of campaign rules, they will be excluded from the final count. Only validated accounts will be considered when determining eligibility for the reward.
How will my progress be tracked?

Each participant is issued a unique referral or agent code. All account openings linked to this code are tracked and validated by the Bank. Periodic updates or dashboards may be provided during the campaign.

Can communities or organisations participate?

Yes. Communities and organisations may participate, subject to selecting one participation option at the point of opt-in:

  • Nomination of an individual beneficiary
  • Community ownership of the reward with a declared public-benefit use
  • Pre-agreed reward substitution

This selection cannot be changed after opt-in.

If a community wins, who receives or uses the reward?
This depends on the option selected during registration. The reward will be issued either to the pre-nominated beneficiary, the registered organisation for declared use, or applied as a pre-approved substitute benefit. No post-award changes will be permitted.
Can the Electric Vehicle be exchanged for cash?
No. The reward is non-cash and may not be converted to cash. Where applicable, pre-approved substitution options of equivalent value may be applied in line with campaign terms.

Our promise is to prioritise you above all else, cater to your unique needs and go beyond your expectations, always!

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Copyright © 2025, The Alternative Bank.

Licensed by the Central Bank of Nigeria 

The Alternative Bank is an independent financial organization in the Non-interest Banking (NIB) sector. If you receive services from, or if you have any other questions, please reach out to us via any of our contact channels. Registered address: 20 Marina, Lagos. Financial operations on the Alternative Bank is authorised and regulated by the Central Bank of Nigeria. License to commence operations was granted in 2014. Trading and investment products provided by  the Alternative Bank is wholly owned.

We are dedicated to ensuring adherence to Non-Interest Banking principles through the appointment of an Advisory Committee of Experts (ACE). The ACE is tasked with the review and approval of all our products and processes after ensuring full compliance with NIB principles.

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Abubakar Muhammad Musa

Summary

Abubakar Muhammad Musa is currently a Sharia Advisor and Consultant for SHAPE Knowledge Services a consulting firm based in Kuwait. He has been involved in product development, Sharia research and approval of Islamic banking products for different clients. His work covers retail banking, corporate banking and project finance deals.

Formerly, Abubakar worked as a Researcher in different units at International Shariah Research Academy for Islamic Finance (ISRA) in Kuala Lumpur, Malaysia. Besides his primary assignments in ISRA, he taught Shariah Rules in Financial Transactions to Chartered Islamic Finance Professional (CIFP) Masters online Students of International Centre for Education in Islamic Finance (INCEIF), Malaysia. He also taught MBA and BBA Students different Islamic Banking and Finance Subjects at University College of Bahrain.

Abubakar holds two Diplomas with distinction, one in Islamic Law and the other in Arabic Language from Al-Imam University Riyadh. He also holds LLB (Hons) degree in Shariah from the same University. He successfully completed his (CIFP) Professional Masters Degree Programme at (INCEIF), Malaysia. He had his internship program on Islamic Banking & Finance at Fajr Capital in Kuala Lumpur. During the programme, Abubakar conducted research relating to product structuring and market development.

Abdurraheem Ahmad Sayi

Summary

Abdurraheem Ahmad Sayi is a legal practitioner and Consultant of over 16 years of active legal practice. He is currently the principal partner, A.A. Sayi & Co. (Qist Chambers) and Qadi, Independent Shari’ah Panel of Lagos State – a platform, through which he has delivered several judgments of in-depth analysis, widely applauded by leading legal and intellectual icons, including learned Judges, professors of law and Islamic Studies.

He is the Executive Director/C.E.O., ClearPath Islamic Centre (Incorporated), Lekki-Lagos and Chief Imam, SilverPoint Central Mosque, Badore, Ajah-Lagos. Fondly called Imam Sayi, Abdurraheem is the designate Chairman, Shari’ah Advisory Committee, Mutual Benefit Takaaful.

Imam Sayi has also authored a few works, some of which include: The Financial Obligations: a compendium of essays on monetary or material obligations under Islamic Law and Waqf (Charity Endowment): The Governing Principles.

He holds a Certificate on Improving Personal Effectiveness from the Lagos Business School (Pan African University) and he is a recipient of numerous awards and certificates of merits.

Abdulkader Thomas

Education:

Master of Arts Law and Diplomacy, The Fletcher School of Law & Diplomacy.

Bachelor of Arts Arabic & Islamic Studies, The University of Chicago.

Shariah Board Experience:

Bank Muscat Meethaq (2013 – 2017)

Sterling Bank Nigeria (Since 2013)

University Bank, USA (Since 2006)

Summary

Abdulkader Thomas has over 35 years of diversified financial services experience in major markets. With a Master of Arts Law and Diplomacy from The Fletcher School of Law & Diplomacy and a BA in Arabic & Islamic Studies from The University of Chicago. His areas of activity have included trade finance, real estate finance, securities and alternative finance.

As the general manager of a foreign bank branch in New York, he secured the first US regulatory approvals of Islamic mortgage and instalment credit/sale as banking instruments. Later, he secured US regulatory approval for profit sharing deposits. Abdulkader has been involved in the successful implementation of these products in the US market. With more than 17years Shariah Board Experience in Bank Muscat Meethaq, Sterling Bank Nigeria and University Bank USA, Abdulkader has worked on IFTA projects in Europe, Africa, Southeast Asia, and an authority on Islamic deal structures and securities.

He also serves as a director of Alkhabeer Capital in Jeddah and Chairman of Alkhabeer (DIFC). He is a member of the international advisory board of the Securities Commission of Malaysia, a published author, and an active speaker on Islamic finance.