Who We Are


We at Sterling Alternative Finance believe that everyone should have a viable and credible Alternative to the conventional banking model.
Our solutions are borne out of a detailed customer value architecture where we create specific offers to assist with your financial needs.
We commenced operation in January 2014 following the granting of Sterling Bank’s license to offer non-interest banking (NIB) services as a window by The Central Bank of Nigeria

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.

Welcome to the Alternative, where you are not a customer, you are a partner.

Financial Solutions for our Partners


We have used the Qard (Interest-Free Loan) contract for our Current Account, Savings Account and Kia-Kia Account. Mudaraba (partnership where there is the owner of fund and a manager of fund) is used for Hajj Savings Account, Trust Account and the Profit-Share Investment Account. We have adopted a structure based on Wakala (representation/agency) and Mudarabah for our Termed Deposit Account.

We also have a variation of Istisna (Build-to-Order) contracts for our Project Finance transactions; while we prefer to use Ijarah (lease) for Asset Financing. Murabaha (purchase and resale at a mark-up) is what we are using for our Trade Finance products.

Very interestingly, we have Small Business product – it is unique because we are using several contracts that fit our customers’ need, such as Murabaha, Ijarah, Wakala, Istisna, Qard-Hassan, and Salam (Deferred Delivery). Our Home Finance product is based on three modes – diminishing musharakah (diminishing partnership), ijarah and murabaha.

We will be rolling out more structured products as our customers’ demand increase – that is why we are the one-customer bank.