Arab Gambian Islamic Bank (AGIB) LTD was incorporated as a private limited liability company in November 1994 and was granted a banking license by The Central Bank of The Gambia in September 1996. The bank became fully operational in January 1997.
In September 2008 AGIB consummated a strategic alliance with First Inland Bank (FINBANK) of Nigeria. In May 2014 FINBANK’s shares were bought over by a Gambian Businessman making him the majority shareholder. The Islamic Development Bank in Jeddah also holds significant shares. The bank currently has over 100 employees and has six (6) branches strategically located in Banjul, New Jeshwang, Tranquil, Bakoteh, Brikama and Basse.
The Bank operates on the Islamic Economic Principle of Risk/Reward also known as Profit and Loss sharing. Our unique brand has enjoyed wide acceptance in every stratum of The Gambian society providing attractive platform to avail financial solutions to their banking need.
“Our vision is to be distinctive in all aspects of our business”.
“To provide quality and accessible banking services based on Islamic Financial Principles with equitable reward to shareholders, driven by highly motivated well-trained people and state of the art technology”
...... Working today for your tomorrow
The core values of the bank are shared belief that drives behaviour in the company backed by Islamic faith. Some of these values, which are aimed at realizing the bank’s vision, mission and goals are:
- Team work