The Alternative Bank (‘AltBank’) has been honoured as the ‘Innovative Bank of the Year’ at the 7th African InternationalConference on Islamic Finance (AICIF), underscoring its commitment to transformative, inclusive financial solutions across the continent. 

Korede Demola-Adeniyi, Executive Director (South) at The Alternative Bank, said in a statement on Thursday that the award, presented recently, at the Eko Hotels in Lagos, celebrated the Bank’s commitment to driving positive change through financial products and services grounded in non-interest principles.
“AICIF has long been a cornerstone for intellectual discourse andprofessional excellence in finance across Africa.  

“The awards recognise individuals and organisations that demonstrate exceptional dedication, innovation, and excellence in advancing the principles and practices of non-interest finance.
“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,” he said. 
Prof. AbdulRazzaq Alaro, Chairman of the AICIF Award Panel,praised the transparency of the process, commending theawardees for their significant contributions to advancing interest-free financing for Africans. “The AICIF awards are a special way of recognising the exceptional innovation and dedication demonstrated by individuals and organisations in advancing Islamic finance across Africa,” he said.