The Alternative Bank has been recognized as the ‘Innovative Bank of the Year’ at the 7th African International Conference on Islamic Finance (AICIF). Highlighting its commitment to delivering transformative and inclusive financial solutions across Africa.
The prestigious award, presented at Eko Hotels in Lagos, celebrates the bank’s dedication to pioneering financial products and services built on non-interest principles.
AICIF has long served as a platform for professional excellence and intellectual discourse in African finance. The awards acknowledge organizations and individuals who demonstrate exceptional innovation, integrity. Also leadership in promoting non-interest and Islamic finance practices across the continent.
Speaking on the recognition, Korede Demola-Adeniyi, Executive Director (South) at The Alternative Bank, stated, “This award affirms what we’ve always believed that innovation and integrity can coexist at the heart of banking. It reflects the trust our clients place in us and our shared vision for a more sustainable and inclusive future.”
Prof AbdulRazzaq Alaro, Chairman of the AICIF Award Panel. Praised the transparency of the selection process and commended awardees for advancing interest-free financing solutions for Africans. “The AICIF awards are a meaningful way to celebrate the exceptional contributions of organizations and individuals in advancing Islamic finance across Africa,” he noted.
Since launching as a non-interest banking window in 2014 and gaining a full banking license in 2023. The Alternative Bank has positioned itself as a leader in Nigeria’s banking sector. Its innovative offerings, including the AltElite premium banking suite and a gold-based rewards system. Combine advanced digital solutions with non-interest finance principles. Redefining modern banking for a new generation of customers.
With a clear focus on empowering customers and fostering financial inclusion. The Alternative Bank continues to pioneer transformative banking solutions. Reinforcing its role as a driving force in Africa’s evolving financial landscape.
