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Explore expert analysis on halal finance, ethical investing, and wealth management.

148 articles

Is Working in a Bank Haram? (2026): Salary, Roles and the Non-Interest Route
Article•20 Sept 2026

Is Working in a Bank Haram? (2026): Salary, Roles and the Non-Interest Route

Whether a bank job is haram depends on the role, not the building. Which positions scholars prohibit, which they permit, what happens to the salary, and where the live non-interest vacancies are in Nigeria.

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HalalWallet Editorial Team
Is Lotus Bank an Islamic Bank? (2026): Licence, Shariah Board and Products
Article•19 Sept 2026

Is Lotus Bank an Islamic Bank? (2026): Licence, Shariah Board and Products

Yes. Lotus Bank holds a CBN non-interest banking licence with national authorisation, has an Advisory Committee of Experts, and sells Mudarabah, Murabaha and Ijarah products. Who owns it and who can bank there.

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HalalWallet Editorial Team
Is The Alternative Bank an Islamic Bank? (2026): Sterling, Licence and Shariah
Article•18 Sept 2026

Is The Alternative Bank an Islamic Bank? (2026): Sterling, Licence and Shariah

Yes. The Alternative Bank is a CBN-licensed non-interest bank that grew out of Sterling Bank's window and became a standalone bank in July 2023, with an Advisory Committee of Experts approving every product.

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HalalWallet Editorial Team
Is Interest on a Savings Account Haram? (2026): The Answer for Nigerian Savers
Article•17 Sept 2026

Is Interest on a Savings Account Haram? (2026): The Answer for Nigerian Savers

Savings interest in Nigeria is riba, whatever the rate and however it is labelled. We set out why, what the CBN figures show banks pay, how to turn interest off or dispose of it, and the halal accounts that earn.

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HalalWallet Editorial Team
Are FGN Bonds Halal? (2026): FGN Savings Bond vs FGN Sukuk for Nigerians
Article•16 Sept 2026

Are FGN Bonds Halal? (2026): FGN Savings Bond vs FGN Sukuk for Nigerians

FGN Bonds and the monthly FGN Savings Bond are loans to the Federal Government that pay fixed interest, so they are not permissible. FGN Sukuk pays rental on road assets instead. Both compared with October 2026 numbers.

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HalalWallet Editorial Team
Pension Fund Options in Nigeria (2026): RSA Funds I to VI Compared
Article•15 Sept 2026

Pension Fund Options in Nigeria (2026): RSA Funds I to VI Compared

Every RSA fund type in Nigeria's multi-fund structure side by side: age rules, equity ceilings, fees, what Fund VI changes for a Muslim contributor, and how the once-a-year switch works.

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HalalWallet Editorial Team
Stanbic IBTC Imaan Fund and Shariah Fixed Income Fund Review (2026)
Article•14 Sept 2026

Stanbic IBTC Imaan Fund and Shariah Fixed Income Fund Review (2026)

A fund-by-fund review of Stanbic IBTC Asset Management's two Shariah funds: what each holds, the N5,000 minimum, the 1.5% management fee, how to subscribe and redeem, and what the manager does not publish.

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HalalWallet Editorial Team
Best Halal Salary Accounts in Nigeria (2026): Five Non-Interest Banks Compared
Article•13 Sept 2026

Best Halal Salary Accounts in Nigeria (2026): Five Non-Interest Banks Compared

Jaiz, Lotus, TAJBank, The Alternative Bank and Summit all run Qard current accounts that can take your salary. What each publishes on fees, cards and financing eligibility, with the CBN Guide to Charges as the ceiling.

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HalalWallet Editorial Team
Noor Takaful Review (2026): Motor, Family, Claims and Surplus Record
Article•12 Sept 2026

Noor Takaful Review (2026): Motor, Family, Claims and Surplus Record

A product-by-product review of Nigeria's benchmark takaful operator: motor and family plans, what Noor publishes about N11 billion in claims and N950 million in surplus, how to buy and claim, and where rivals beat it.

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HalalWallet Editorial Team
Reviewed by: HalalWallet Editorial Team•Last reviewed: 2026-10-28•Disclosure: No provider pays for placement or ranking on this page. Editorial policy and full disclosures.

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