Understanding Islamic banking
What motivated Afriland First Bank to open a wing of the Islamic Bank?
First and foremost, innovation: Afriland First Bank is the bank which innovates to create vitality in the economy. Innovation is what always helped this bank provide products tailored to meet the needs of its clients. The implementation of Islamic finance stems from the desire to present alternatives to its clientele, given that Islamic finance is an alternative finance.
We saw the need of a practical financial alternative in our society. And we immediately took upon ourselves to meet this need. Islamic finance is another option in the range of choices taken by entrepreneurs. Then, the responsibility to make the Cameroonian society bank-friendly: improving the rate of using banking services by satisfying the needs of several Muslims was enough motivation to make us venture into this service.