This Cookie Policy explains how Alt Bank Limited (“Alternative Bank”, “the Bank”, “we”, “us”, “our”) uses cookies and similar technologies on our website and digital platforms (“Services”). It explains what cookies are, why we use them, the types of cookies we use, and how you can manage your preferences.
This Cookie Policy should be read together with our Privacy Policy (https://altbank.ng/cookie-policy/), which explains how we handle personal data in compliance with the Nigeria Data Protection Act (NDPA) 2023 and other applicable laws.
Cookies are small text files placed on your device (computer, mobile phone, tablet) when you visit a website. Cookies allow the website to remember your device, preferences, and actions (such as language, consent choices, and session status) for a period of time.
We may also use similar technologies such as local storage, tags, pixels, or scripts.
For clarity, cookies on our Services fall into two broad groups:
These cookies are required for the website to function properly (e.g., security, page display, consent management).
These cookies are always active and cannot be switched off through our cookie banner because the website cannot operate properly without them.
These cookies are not required for core website function. They support additional features and services such as:
These cookies are only used where applicable and subject to your consent.
We use cookies to:
Cookies used on our Services may be grouped into the following categories:
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These cookies are always enabled.
These cookies provide additional functionality beyond essential operations (e.g., embedded services, third-party content).
These cookies are used only when you consent.
These cookies help us understand website usage and improve user experience (e.g., analytics tools).
Used only when you consent (where applicable).
These cookies are used to deliver targeted advertising and measure campaign effectiveness.
Used only when you consent (where applicable). We do not deploy advertising cookies unless explicitly enabled on our platforms.
You can manage cookie preferences by:
Please note: disabling cookies may affect your experience and some Services may not function properly.
Where third-party services are enabled (e.g., YouTube, Google Fonts), those third parties may process your data and deploy cookies according to their privacy policies.
For more information on Google’s privacy practices:
https://policies.google.com/privacy
We may update this Cookie Policy from time to time to reflect legal, technical, or operational changes. Updates will be posted on our website and become effective upon publication.
If you have questions about this Cookie Policy or your privacy rights, contact:
Data Protection Officer (DPO)
Alt Bank Limited
20 Marina, Lagos
Email: [email protected]
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 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 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.
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)
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.
