Jaiz Bank is the very first Islamic bank in Nigeria. In actual fact, it is a non-interest bank. This means you can take loan from them and they will not ask you to pay interest on the said loan. The bank had been around for a number of years now and it has gained popularity over the years. The bank is a full-fledged non-interest bank.
It presently has up to 20,000 shareholders across the globe. The bank was actually set up between 2003 and 2004. They however did not start full operation until 2012, January 6th to be precise. They started with just 3 branches then, which are located at Kano, Kaduna and Abuja.
Presently, the bank has Share Capital Base of N15 billion, which is USD $75 million. There are plans underway to increase this to N25 billion, which is USD $125 million.
The bank is 100% compliant with Sharia law. The bank is highly ethical in dealings. They also comply with best banking practices. Equally, they have sound management for effective risk management. They are also innovative and proactive towards meeting customers’ needs.
Their services are centered on provision of top quality customer care. It is a socially responsible bank, no doubt. They are plain and are also fair to all their stakeholders.
The bank headquarters is located at 73, Ralph Shodeinde Street, Kano House, Central Business Area, Abuja. Their telephone numbers are +2347080635500 and +2347080635555. Their email address is email@example.com. They are opened from 8 o’clock in the morning till 4 o’clock in the afternoon from Monday to Friday.