Turn your Auto Dreams into Reality

Altdrive is an auto financing platform that finances new, foreign-used, and Nigerian-used vehicles not exceeding 15 years from the date of manufacture. This is done using a transparent non-interest banking system.


Turn your Auto Dreams into Reality

Altdrive is an auto financing platform which finances New, Foreign used and as well as Nigerian used vehicles not exceeding 15 years from the date of manufacture. This is done using a transparent non-interest banking system.

Altdrive Benefits

Discover 101 compelling reasons why Altdrive reigns supreme in vehicle financing among other options in Nigeria.

Flexible & Convenient Security Deposit

Altdrive offers a security deposit arrangement that adapts to your financial preferences. This ensures your peace of mind while securing your vehicle financing, making the process both adaptable and hassle-free.

Flexible Repayment System

With Altdrive’s financing, you’re not bound by rigid repayment structures. The platform provides a flexible repayment system that considers your individual financial situation, allowing you to manage your payments in a way that suits your budget.

Simple and Transparent Financing

Altdrive takes pride in its straightforward and transparent financing process. You’ll experience clarity and openness at every step, making it easy to understand the terms and conditions associated with your vehicle financing.

Wide Range of Vehicle Options

Altdrive doesn’t limit your choices. You’ll have access to an extensive selection of vehicle options, spanning new, foreign used, and Nigerian used cars under 15 years old. This diverse range ensures that you can find the perfect vehicle to meet your needs and preferences.

Get started with Altdrive


  1. Bank Verification Number (BVN)
  2. Six (6) months’ statement of account
    Invoice of the vehicle to be purchased.
  3. 15% Initial Deposit
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Personal Information

Full Name
Date of Birth
Marital Status

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Abubakar Muhammad Musa


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


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


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.