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Name: |
Mamour Malick Jagne
Managing director Arab Gambian Islamic Bank Banjul, The Gambia 60 Gambian |
Could you provide a brief journey of how you arrived where you are today? At the end of my term at IDB, I thought it would be a good idea to start an Islamic bank in The Gambia so as to provide Muslims there the opportunity to manage their resources in a manner consistent with Islamic principles. What does your role involve? What is your greatest achievement to date? (Editor’s note: Apart from accepting deposits from customers and providing products and services traditionally rendered by conventional banks, Arab Gambian Islamic Bank grants financing facilities for short-medium-and long-term economically and financial viable undertakings. The Bank is thus structured mandated to carry on both commercial and development banking activities and, at the same time, trade in commodities.) Which of your products/services deliver the best results? What are the strengths of your business? (Editor’s note: The corporate objective of the bank is to carry on Islamic banking business in all its departments and branches in accordance with Islamic principles with the view to make profit and to contribute to the economic and social advancement of The Gambia. The bank’s services are available to all individuals regardless of their religion.) What are the factors contributing to the success of your company? What are the obstacles faced in running your business today? Where do you see the Islamic finance industry, maybe in the next five years? Name one thing you would like to see change in the world of Islamic finance?
Arab Gambian Islamic Bank was incorporated under the Companies Act 1955. It commenced operations in January 1997, carrying on banking business in all its departments and branches in accordance with Shariah principles and practices with a view to making profit for its shareholders and depositors and to contribute to the socio-economic development of The Gambia. Visit www.agib.gm |