Stanbic IBTC bank has introduced Imaan Current Account, a non-interest product into the Nigeria banking market.
According to the chief executive officer of the bank, Mrs Sola David-Borha, launching the Imaan current account, an interest free banking product, partly fulfills a crucial aspect of Stanbic IBTC group’s long-term strategy to build a strong retail banking franchise by expanding the range of services and products available to all segments of society.
The Imaan Current Account is available to customers at all branches of Stanbic IBTC Bank nationwide, according to the Executive Director for Personal and Business Banking, Mr. Obinnia Abajue.
He described the non-interest banking window as an alternative financial service offering that is open to all regardless of tribe, race or religion.