AltBank wins Innovative Bank of the Year at AICIF 2025 for pioneering digital, non-interest financial solutions in Africa.
Lagos – The Alternative Bank (AltBank) has been named ‘Innovative Bank of the Year’ at the 7th African International Conference on Islamic Finance (AICIF), highlighting its commitment to inclusive, transformative financial solutions.
The award celebrates AltBank’s dedication to non-interest finance and innovative banking services. “This award affirms what we’ve always believed, that innovation and integrity can coexist at the heart of banking,” said Korede Demola-Adeniyi, Executive Director (South) at AltBank.
Professor AbdulRazzaq Alaro, Chairman of the AICIF Award Panel, praised the transparency of the process and the contributions of awardees in advancing Islamic finance across Africa.
Launched as a non-interest window in 2014 and licensed as a bank in 2023, AltBank combines cutting-edge digital solutions with non-interest principles. Its offerings, including the AltElite premium suite and gold-based rewards system, are redefining banking for a new generation. AltBank continues to pioneer solutions empowering customers to shape Africa’s financial future.