Jaiz Bank

Jaiz Bank Plc
Company typePrivate
NSE:JAIZBANK
ISINNGJAIZBANK05
IndustryBanking
Founded2003 (2003)
HeadquartersAbuja, Nigeria
Number of locations
45 branches (2023)
Key people
Mohammed Mustapha Bintube (Chairman),[1] Haruna Musa (Managing Director & Chief Executive Officer)[2]
ProductsSavings Account (Mudaraba),Current Account(Qard)Term Deposit Account, Sales Products,Leasing Products, Partnership Products (Financing)
RevenueDecreaseAftertax:US$26.56 million (NGN:8.01 billion) (2018)
Total assetsN378.69billion (February 2023)
Number of employees
499
Websitejaizbankplc.com

Jaiz Bank Plc, is a bank in Nigeria operating under Islamic banking principles and is a non-interest bank. It is the first non-interest bank established in Nigeria and is headquartered in Abuja, the capital city of the country.[3]

As of December 2012, the bank was a medium-sized, financial services provider in Nigeria. At that time, the bank's total assets were valued at US$88.8 million (NGN:14.1 billion), with shareholders' equity of about US$63.6 million (NGN:10.1 billion).[4] The Bank operates 27 branches and provides regular ATM service as well as online, mobile, and SMS banking services.[5]

  1. ^ JAIZ Bank Appoints Bintube Board Chairman
  2. ^ Jaiz Bank Appoints Haruna Musa As MD/CEO
  3. ^ Anthony-Uko, N. S. E. (2012-07-05). "Nigeria: Jaiz Bank Seeks National Licence With N8 Billion Fresh Capital". Leadership (Abuja). Retrieved 2017-08-29.
  4. ^ Lere, Mohammed (2013-12-20). "Nigeria: Jaiz Bank Records Operating Loss of N1.07 Billion in 2012 - Says Mutallab". Premium Times (Abuja). Retrieved 2017-08-29.
  5. ^ "Jaiz Bank Plc: Private Company Information - Bloomberg". bloomberg.com. Retrieved 2018-03-09.