The Alternative Bank Wins “Innovative Bank of the Year” Award at African Islamic Finance Conference
The Alternative Bank has clinched the coveted title of Innovative Bank of the Year at the 7th African International Conference on Islamic Finance (AICIF), reinforcing its reputation as a trailblazer in inclusive, technology-driven, and non-interest banking across Africa. The recognition, presented at Eko Hotels in Lagos, celebrates the bank’s dedication to providing transformative financial solutions that align with ethical and sustainable principles.
AICIF, a leading platform for thought leadership and innovation in Islamic finance, honoured The Alternative Bank for its outstanding commitment to advancing the practice of non-interest finance. The awards highlight institutions and individuals demonstrating excellence, innovation, and impact in reshaping Africa’s financial landscape.
Speaking on the achievement, Korede Demola-Adeniyi, Executive Director (South) at The Alternative Bank, said the award is a validation of the bank’s mission to merge innovation with integrity. “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 of a more sustainable and inclusive future,” she noted.
Chairman of the AICIF Award Panel, Prof. AbdulRazzaq Alaro, praised the transparency of the selection process, commending the awardees for their commitment to advancing ethical and interest-free finance models in Africa. “The AICIF awards are a special way of recognising the exceptional innovation and dedication demonstrated by individuals and organisations in advancing Islamic finance across the continent,” he said.
Since its launch as a non-interest banking window in 2014 and full licensing in 2023, The Alternative Bank has rapidly distinguished itself in Nigeria’s banking sector. Through pioneering offerings such as the AltElite premium banking suite and a gold-based rewards system, the bank is redefining the customer experience. With a strong focus on digital transformation and non-interest principles, AltBank continues to empower customers and set new standards for ethical banking in Africa.
source: punch