Since inception, Jaiz Bank Plc has financed over 10,000 units of houses in the country, said the Executive Director, North, Dr Sirajo Salisu, while partnering with different developers, he added.
Dr Sirajo noted this during the 5th African International Conference on Islamic Finance in Abuja, he said Islamic finance is touching lives of people in practical ways, contrary to many perceptions.
The theme of the conference is titled, “Infrastructure financing, Sustainability and the Future of African Markets”. It aimed at building and enhancing private and public sector institutional capacity on Islamic Finance.
He disclose that, “the bank has from inception financed large scale projects worth billions of naira for about 20 customers and has also financed others in areas of agriculture, MSMEs, oil and gas worth billions of Naira.”
Youth Empowerment
Dr Sirajo mentioned that, “the Jaiz bank has provided thousands of opportunities to young people in transportation, telecommunications, and agriculture sectors.”
“Islamic finance is really touching lives, but a lot of people are unaware of that” he pronounced.
Financial Inclusion
He added that, “the Bank decided to go into the rural areas to touch the lives of many women and brought them into the financial sector, in addition to facilitating financial interventions by the federal government on empowerment and poverty eradication.”
Jaiz Bank Plc is a non-interest bank in Nigeria operating under Islamic banking principles. It is Nigeria’s pioneer non-interest bank.
