Arthur Finance House is a proposed fully non-interest financial institution that will operate under the regulatory framework applicable to Finance Companies as defined by the Central Bank of Nigeria (CBN). The institution is being established to deliver Shariah-compliant, asset-backed financing solutions to individuals, microenterprises, SMEs, corporates, and project-based clients who require ethical and interest-free financial services. The business concept is built on strict adherence to Islamic finance principles, particularly the prohibition of interest (riba), uncertainty (gharar), and speculative transactions (maysir), while ensuring that all financing activities are tied to identifiable assets, verifiable economic activities, and transparent contractual structures. The institution will utilise approved Islamic finance instruments, including Murabaha (cost-plus financing), Ijara (leasing), Istisna (construction and manufacturing financing), Salam (advance purchase financing), Wakala (agency-based financing), Kafala (guarantees), and other non-interest structures permissible under Shariah.

The core purpose of Arthur Finance House is to address persistent financing gaps in Nigeria’s financial system, particularly among underserved market segments that require ethical and asset-backed credit solutions. A significant portion of the Nigerian population, including a large Muslim demographic and a growing segment of ethically conscious customers, remains underserved due to limited access to Shariah-compliant and non-bank financing institutions. Likewise, SMEs representing the backbone of Nigeria’s economy face sustained challenges in accessing affordable financing that does not expose them to excessive interest burdens or opaque contractual terms. By establishing a finance house dedicated exclusively to non-interest financing, the institution will provide alternative channels for capital mobilisation, working capital support, asset acquisition, project execution, business expansion, and structured purchasing arrangements.