Cookie Policy

1. Introduction

Our website, (the “website”) uses cookies and other related technologies (for convenience, all such technologies are hereinafter referred to as “cookies”), to give you an enhanced user experience on our website, and to personalize contents tailored to your needs. Cookies are also placed by third parties we have engaged. In the document below we inform you about the use of cookies on our website. 

2. What are cookies?

Cookies are small simple files that are sent along with pages of this website and stored by your browser on the hard drive of your computer or another device. The information stored therein may be returned to our servers or to the servers of the relevant third parties on your subsequent visit to our website.  

3. The various cookies we use

3.1 Technical or functional cookies 

 These are cookies that ensure that certain parts of our website work properly and that your user preferences remain known. By placing functional cookies, we make it easier for you to visit our website. This way, you do not need to repeatedly enter the same information when visiting our website. This also enables us to personalize our content to suite you – your needs, lifestyle etc. We may place these cookies without your consent.   

3.2. Session cookies 

These are temporary text files that stored on your computer during your web session and are automatically deleted when you close your browser. These cookies usually store an anonymous session ID allowing you to browse a website without having to log in to each page. Please note that these Cookies do not collect any personal information about you. Session Cookies differ from Persistent Cookies that are stored on a user’s device for a period of time, even after the user’s browser is closed. 

 3.3 Statistics cookies 

We use statistics cookies to optimize the website experience for our users. With these statistics cookies we get insights in the usage of our website. For example, it helps us keep track of the number of visitors to our website and to see how visitors move around the website when they are using it. This helps us to improve the way our website performs and ensure that users are able to easily navigate the website and access information and content seamlessly. We ask your permission to place statistics cookies.   

3.4 Advertising cookies 

On our website, we use advertising cookies which enables us to gain insights into advertising campaign results This happens based on a profile we create based on your behavior on our website. With these cookies, you as a website visitor, are linked to a unique ID. However, these cookies will not profile your behavior and interests to serve personalized ads. 

 3.5. Marketing/Tracking cookies 

Marketing/Tracking cookies are cookies used to create user profiles to track your online browsing activity, for example, the Sites and pages you’ve visited, shopping preferences etc., to enable us present you with targeted ads. we ask your express permission before we place these Tracking cookies. 

3.6. Strictly necessary cookies  

These types of cookies are required for our website’s basic functions. These cookies save information required for our website to function properly. Strictly necessary cookies do not collect your personal information and we will not require your prior consent to place these. Should you disable these cookies, our website may not function optimally.  

3.7. Social media 

On our website, we have included content from Facebook, Twitter, LinkedIn, WhatsApp and Instagram to promote web pages (e.g. “like”, “pin”) or share (e.g. “tweet”) on social networks like Facebook, Twitter, LinkedIn, WhatsApp and Instagram. This content is embedded with code derived from Facebook, Twitter, LinkedIn, WhatsApp and Instagram and places cookies. This content might store and process certain information for personalized advertising. 

 Please read the privacy statement of these social networks (which may change regularly), to find out what they do with your (personal) data which they process using these cookies. The data that is retrieved is anonymized as much as possible.  

4. Consent and cookie preferences

When you visit our website for the first time, we will show you a pop-up with an explanation about cookies. As soon as you click on “Save preferences”, you consent to us using the categories of cookies and plug-ins you selected in the pop-up, as described in this Cookie Policy.  

4.1. Manage your consent settings 

You can withdraw the consent you have previously given to us. When we receive privacy signal from your browser, we will set your privacy settings on this website to strictly necessary. If you want to have full functionality, please consider excluding from your privacy settings. 

5.  Enabling/disabling and deleting cookies

 You can use your internet browser to automatically or manually delete cookies. You can also specify that certain cookies should not be placed. Another option is to change the settings of your internet browser so that you receive a message each time a cookie is placed. For more information about these options, please refer to the instructions in the Help section of your browser. 

Please note that our website may not work properly if all cookies are disabled. If you do delete the cookies in your browser, note that this will not prevent our website from placing further Cookies on your device unless you adjust your Cookie Preferences. 

6. Contact Details

For questions and/or comments about our Cookie Policy and this statement, please contact us by using the following contact details: 

The Alternative Bank Limited

239, Ikorodu Road, Lagos Website:

Email: [email protected]

Tell us your story

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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.