Optimize your operations and manage risks in agriculture, commodities, and mining today.
At The Alternative Bank, we understand the complexities of international and local trading, but with the right financial partner, challenges can transform into opportunities. With our bespoke Structured Trade & Commodities Finance (STCF) solutions, businesses can effectively navigate local and global markets.
Leveraging our deep expertise and a robust network of partners, we tailor financial solutions that help you optimize operations, manage risk, and drive growth in sectors such as agriculture, commodities, and mining.
Our financing solutions support the trading and distribution of essential fertilizers, ensuring that agricultural producers maintain a steady supply chain to increase crop yields.
Whether you are a manufacturer, distributor, or wholesaler, we provide the liquidity needed to meet growing demands.
For businesses involved in blending raw fertilizer materials, we offer financing tailored to scale production and enhance product delivery.
This solution supports companies contributing to Nigeria’s agricultural growth, ensuring farmers have access to quality, blended fertilizers.
Tailored to facilitate both local and international trade, this solution ensures that your business has access to financing tools like Letters of Credit (LCs) and Bills for Collection (BCs).
With our trading solutions, we help companies seamlessly navigate trade processes – ensuring timely payments and efficient movement of goods across border
Designed for businesses with confirmed local purchase orders, we provide the working capital needed to fulfill large orders, from procurement to production and delivery.
This solution helps companies meet market demands without cash flow interruptions.
We offer a range of Sharia-compliant financial instruments, ensuring that businesses with specific financing needs can access ethical financing solutions that adhere to Islamic principles.
We provide structured financing for the trading of key agricultural commodities like sesame seeds, cashew nuts, cocoa beans, and ginger.
Our solutions address cash flow gaps, allowing businesses to grow their commodity trading operations sustainably.
AltBank’s input financing ensures that farmers and agribusinesses have the working capital to purchase essential inputs such as seeds, fertilizers, and pesticides, contributing to higher productivity and profitability in the agricultural sector.
Designed for aggregators and middlemarket players, this solution supports businesses that buy from smallholder farmers and sell to processors or exporters. Our financing helps these businesses collect, process, and trade commodities at scale, contributing to value chain efficiency.
We partner with and provide you farm machinery like tractors, ploughs, cultivators, and harvesters to enhance your agricultural efficiency from planting to harvesting, and processing crops, ultimately increasing production and reducing your labor costs.
Be the first to know about special offers and new exciting products!
Copyright © 2024, 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: 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.
Find the perfect app version for your device by choosing your OS below. You will be redirected to your app store.
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.
