Emir of Kano Endorses The Alternative Bank’s Ethical Approach During Commissioning of New Branch
In a momentous event that marked the opening of The Alternative Bank’s first stand-alone branch in Kano, the Emir of Kano, Alhaji Aminu Ado Bayero, officially endorsed the largest ethical bank in Nigeria. The Emir, addressing the gathering during the bank’s commissioning, hailed The Alternative Bank as a transformative force poised to revolutionize the financial landscape of the state.
The Commissioning of The Alternative Bank Kano.
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| L-R: Executive Director with The Alternative Bank, Garba Mohammed and Emir of Kano, Alhaji Aminu Bayero |
During his speech, the Emir emphasized the crucial role of financial institutions in shaping contemporary society and commended The Alternative Bank’s commitment to ethics, openness, and substantial economic growth. He underscored the bank’s dedication to a mission beyond mere profit margins, highlighting its potential to become a positive force in the community.
The Executive Director of The Alternative Bank, Garba Mohammed, echoed the Emir’s sentiments, proudly declaring the bank’s adherence to the highest ethical standards. Mohammed emphasized the uniqueness of The Alternative Bank in sharing profits with customers, emphasizing a shared prosperity approach.*
Speaking about the bank’s investment decisions, Mohammed stated, “The Alternative Bank aspires to be a force for positive change, channelling resources into projects that uplift communities, empower individuals, and contribute to the greater good.” He further highlighted the bank’s dedication to responsible and sustainable banking, ensuring long-term prosperity while minimizing adverse effects on the environment and society.
Additionally, Mohammed pointed out the appeal of The Alternative Bank to a diverse audience, irrespective of faith, due to its simplified business operations. He encouraged the community to embrace the bank, aligning with Islamic teachings regarding the banking system.
Established in 2014 as Sterling Bank Alternative Finance, The Alternative Bank has evolved into a leading player in Nigeria’s non-interest banking sector. With a license from the Central Bank of Nigeria to operate as a non-interest banking institution, The Alternative Bank is set to make a lasting impact on the financial landscape of Kano and beyond.
