Nigeria’s largest ethical bank, The Alternative Bank, received a significant endorsement from the Emir of Kano, Alhaji Aminu Ado Bayero, as it inaugurated its first stand-alone branch in the ancient city. 
The Emir praised the bank’s commitment to ethics and its potential to revolutionize the financial landscape, emphasizing its dedication to long-term economic growth beyond profit margins.
During the launch event, the Emir expressed optimism about the transformative impact of The Alternative Bank, stating that its presence in Kano signifies a revolutionary era in banking. He underscored the vital role financial institutions play in shaping society and commended the bank for its ethical stance.
The Alternative Bank’s Executive Director, Garba Mohammed, echoed the Emir’s sentiments, emphasizing the bank’s adherence to the highest ethical standards. Mohammed highlighted the uniqueness of The Alternative Bank’s profit-sharing approach with customers, emphasizing its commitment to shared prosperity.
Mohammed stated, “The Alternative Bank aspires to be a force for positive change, channeling resources into projects that uplift communities, empower individuals, and contribute to the greater good. Our dedication to responsible and sustainable banking ensures a focus on long-term prosperity while minimizing adverse effects on the environment and society.”
The bank’s roots trace back to 2014 when it was established as Sterling Bank Alternative Finance. Having obtained a license from the Central Bank of Nigeria to operate as a non-interest banking institution, it has evolved to become a leading player in Nigeria’s non-interest banking sector.
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