“Emir of Zazzau Commends The Alternative Bank for Driving Economic Growth through Ethical Banking”

By Milcah Tanimu

The Emir of Zazzau, Ambassador Ahmed Nuhu Bamali, has lauded The Alternative Bank (TAB) for its significant role as a non-interest banking institution, contributing to economic growth through sustainable practices and responsible investment. The commendation came during the grand inauguration of TAB’s first physical branch in Zaria, Kaduna State.

Emphasizing the characteristics of non-interest banking, including economic inclusivity, risk-sharing, and adherence to principles of equality and cooperation, the Emir highlighted the potential benefits for the Nigerian economy under the theme ‘Non-Interest Banking: Opportunities and Benefits for the Nigerian Economy.’

Anticipating contributions to GDP growth and support for Micro, Small, and Medium Enterprises (MSMEs), Emir Bamali urged TAB to establish strong ties with the people of Zazzau Emirate, envisioning a new economic era where ethical financial principles align with the values of the emirate.

Umar Umar, Regional Head of North-Central Sales, Products, and Propositions, emphasized TAB’s rapid emergence as a leading non-interest banking entity in Nigeria. As a fully digital bank with a global reach, the bank aims to catalyze its business and benefit customers in the North-Central region through the newly inaugurated branch in Zaria.

Umar reflected on TAB’s decade-long journey from a window in Sterling Bank Limited to a standalone non-interest bank, showcasing impressive growth from an initial capital of N500 million to over N50 billion. TAB, the ethical banking subsidiary of Sterling Financial Services Holdings Company Plc, seeks to make a lasting impact in the North-Central region, covering Benue, Kogi, Kwara, Nasarawa, Niger, Plateau, and the Federal Capital Territory.