An executive delegation from Banque Sahelo-Saharienne pour L’Investissement et le Commerce (BSIC group), a Gambian bank is in Nigeria on a two-week study of Islamic Banking. The study is facilitated by The Alternative Bank (TAB), a bank in Nigeria.

The two-week exchange program is to promote collaboration between the non-interest banking sectors of Nigeria and that of The Gambia.

TAB’s Managing Director, Hassan Yusuf, announced that the four-member delegation from BSIC is embarking on a study tour of TAB’s operational and business processes as part of the prerequisites of capacity development for issuance of an Islamic Banking Window Licence by The Central Bank of The Gambia.

Yusuf explained that the visit will help nurture stronger relationships between The Alternative Bank and BSIC. According to him, “the exchange program has the potential for significant impact on Gambia’s financial landscape specifically, on the broader scope of the continent’s non-interest banking market.”

Speaking on the visit, the Team Lead for BSIC and Director of the Islamic Banking Window, Mr. Malick Joof said, “This visit provides us an opportunity to learn first-hand from the largest ethical banking organisation in one of the most technologically advanced financial services markets on the continent.”

Joof continued by adding, “with this visit, we can take forward learnings that will further improve our operations in Gambia, and hopefully begin to lay the foundations for collaborations with the potential to expand ethical banking across the continent.”