Enjoy the benefits of a partner that knows the ropes and can take your business to the next level.
For MSMES
Small is perfect, and baby steps are welcome. We have solutions to help you grow and push your business to profit.
We understand that financing is the lifeblood of every business venture. With us by your side, we can fast track your business dreams.
Let’s make your customers’ dreams come true with a payment experience like no other—smart and seamless.
From the first spark of an idea to the final flourish of success, we handle your international trade needs with expertise and utmost care.
The corporate world can be a tough place. Even more challenging for startups in the market. Alpro helps you manage your business finances with maximum flexibility and security.
Like a superhero accountant, we’ll keep a close eye on your cash flow. Seize the moment and enjoy asset financing that will fuel your business expansion. With POS technology, mobile and internet banking, you’ll breeze through transactions with style and finesse.
Here, cooperatives and registered farmers are backed with special financing that brings their farming dreams to life.
Machinery: We pay, you take!
AltBiz is a product designed to provide quick funds for small businesses to augment working capital and for asset (equipment) acquisition.
From power solutions, and office equipment to vehicles and plants, get the ultimate boost for your business.
AltLease provides SMEs with access to finance solely for the purchase of Tangible Assets for operations. These assets include Plants and machinery, power solutions, office equipment and vehicles.
Whether you’re into fashion, tech, food production, or expanding your business, access up to N250,000 at a 9.5% markup rate per annum. Watch your small business grow.
The need for the facility must be established, demand for the product must be justified
Existence in trade location for 6 months
1-year experience in line of business
Beneficiaries must have achieved a minimum monthly credit turnover of at least 100 % of the amount requested
Favourable credit history
Two individual guarantors (must be reputable, an employed mid-level or higher officer of a public or private institution
The BVN of the guarantors (individual or corporate must be provided and verified
Domiciliation of business proceeds in SAF Kia-Kia account throughout the duration of the facility
As a WAKEEL agent, you can boost your earnings through the extra cash generated from sales. All you have to do is provide basic financial services to your customers and residents on our behalf.
If you’re a smallholder farmer, a processor, an input provider, or a small-scale agro-business owner, you can access up to N20M at an amazing 9% per annum rate to provide your agro-business with the stocks and equipment you need for production.
This is designed especially for women and youth in the Agricultural sector.
Open a SAF corporate account
An application letter stating the purpose and need of the facility must be established
Provide a 5% equity contribution
Economics of Production (EOP) per each crop/livestock.
Confirmed invoice in case of asset purchase (livestock, feeds, input etc.)
Certificate of registration of cooperative where applicable
Copy of executed MOU
Favorable Credit reports on the cooperative.
For Anchors
Active current account with the Bank (SAF)
Letter of application detailing the facility usage and purposes.
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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: 239 Ikorodu Road, 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.
