The shariah committee is responsible for ensuring that the bank conducts its business in accordance with Islamic (Shariah) banking principles.
The membership to the aforementioned committee usually comprises of Islamic scholars with verse knowledge and experience in Shariah.
Alhagie Muhamed Sarr
Alhagie Ousman Jah
Alhagie Matarr Drammeh
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:
The Bank’s Board of Directors is made of distinguished and accomplished and accomplished professionals as following;
Mr. Muhammed Jah
A well-known investor is the Chairman and majority shareholder of the bank.
He is the owner and CEO of QCell arguably the best telecommunications company in the Gambia. He also owns a number of other companies which together with the bank and telecom, make up the QGroup.
Mr. Nuha Marenah
Mr. Marenah is the Managing Director & CEO of the Bank. He is an accomplished banker with over thirty (30) years of banking experience. He worked in The Gambia, Afghanistan, Jordan, Ghana and Angola in various roles at very senior managerial levels in Credit Risk Management, Compliance, Operational Risk, Operations and Technology, Mergers and Integrations.
Mr. Mamour Malick Jagne
He is the founder and former Managing Director of AGIB Ltd. He held various positions in the government of The Gambia such as Permanent Secretary Ministry of Finance and Economic Affairs, Governor of the Central Bank of the Gambia just to name a few. Currently, he is the Chairman of the Gambia Revenue Authority, and Executive Secretary of The Gambia Bankers Association of The Gambia.
Mr. Fye Ceesay
An Insurance practitioner with over thirty (30) years experience. He is currently the Managing Director of Gambia National Insurance Company, a position he held since 1998.
Mr Sillah is the Head of the IDB’s Regional Office in Dakar. He sits on the Board as IDB’s representative.
Mrs. Hawa Sisay Sabally
Hawa is the Secretary to The Board. A legal practitioner with over thirty (30) years of legal practice. She was once the Attorney General and Minister of Justice of the Gambia.