Gambia

IRTI to Provide Advisory Services to Arab Gambian Islamic Bank

Jeddah, KSA (February 2, 2015¬) – The Islamic Research and Training Institute (IRTI) has signed an Advisory Services Agreement with the Arab Gambian Islamic Bank (AGIB), the only Islamic Bank in the Gambia, to assist with undertaking a current state assessment and provide broad-based strategy recommendations to guide the bank in the future.

AGIB recently went through a change of management with local entrepreneur and businessman Mr. Mohammad Jah acquiring the majority stake of the bank. The IDB also has a minority stake in the bank.

The signing ceremony was held at IRTI office in Jeddah on February 1, 2015. The agreement was signed on behalf of IRTI by the Director General, Prof. Dr. Mohamed Azmi Omar, and on behalf of AGIB by Mr. Muhammad Jah, who is also the Chairman of the board for AGIB.

The engagement will be led by the IRTI Advisory Services team. The project is expected to guide and pave the way for AGIB to become an efficient, profitable and modern Islamic bank.

The Chairman of AGIB expressed his gratitude to IRTI and IDBG for their continued support to AGIB. He reiterated that in IRTI, he had found the right partners and said that he was very confident that AGIB will very soon become a model Islamic bank that will offer its customers the best products and services in an efficient manner.
The Director General of IRTI welcomed the new Chairman and assured that IRTI will continue to support the Islamic Finance industry in Gambia and beyond.

About IRTI
The Islamic Research and Training Institute is a member of the Islamic Development Bank Group responsible for leading the development and sustenance of a dynamic and comprehensive Islamic Financial Services Industry that supports socio-economic development in Member countries. IRTI is based in Jeddah, Kingdom of Saudi Arabia.
For media enquiries regarding IRTI, please contact Mohamed Salat msalat@isdb.org
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