Question 1

Is Quantum MFB really a bank without interest?

Accepted Answer

Yes. Quantum MFB is a licensed non-interest microfinance bank. We neither charge interest on financing nor pay interest on deposits. Instead, we use Sharia-compliant contracts — trade with disclosed mark-up (Murabaha), partnership (Musharakah), leasing (Ijarah) and profit-sharing (Mudarabah) — where our earnings come from real economic activity.

Question 2

Do you give loans?

Accepted Answer

No — we finance businesses. Rather than handing you debt and walking away, we buy assets with you, invest alongside you, or pay upfront for your produce. The distinction matters: our success is tied to yours, and you will never owe us interest.

Question 3

Is my money safe with Quantum MFB?

Accepted Answer

Yes. Quantum MFB is licensed by the Central Bank of Nigeria (CBN) as a non-interest microfinance bank, and eligible deposits are insured by the Nigeria Deposit Insurance Corporation (NDIC). Wadiah deposits are held in trust and guaranteed by the bank.

Question 4

Do I have to be Muslim to bank with you?

Accepted Answer

Not at all. Non-interest banking is open to everyone. Many of our customers of all faiths choose us simply because the terms are transparent and fair: no compound interest, no hidden charges, and instalments that never change.

Question 5

Who makes sure you are genuinely Sharia-compliant?

Accepted Answer

Our Advisory Committee of Experts (ACE) — independent scholars of Islamic commercial jurisprudence required by CBN regulation — reviews and certifies every product before launch and audits our operations continuously.

Question 6

How do you make money if you don't charge interest?

Accepted Answer

From real trade and shared ventures: the disclosed mark-up on assets we buy and sell (Murabaha), rentals on assets we lease (Ijarah), and our share of profits in businesses we co-invest in (Musharakah, Mudarabah). If our partners prosper, so do we.

Question 7

How quickly can my business get financed?

Accepted Answer

Most market-trader Murabaha requests are decided within 72 hours of complete documentation. Larger Musharakah partnerships take 2–3 weeks including a field visit to your business.

Question 8

Where are you located?

Accepted Answer

Our head office is in Yola, Adamawa State, with service points across the state and full digital onboarding — you can open an account from your phone wherever you are in Nigeria.

Ask us anything.

Banking that answers to your conscience.