TAJBank Clinches BusinessDay’s ‘Islamic Bank of the Year’ Award Once More.

For the third consecutive year, TAJBank Limited, a rapidly expanding non-interest financial institution in Nigeria, is delighted to announce its victory in securing the esteemed title of ‘Islamic Bank of the Year’ in BusinessDay newspaper’s 2023 awards. This achievement was attained after surpassing other contenders in the selection process.

The award presentation took place at the Banking and Financial Institutions (BAFI) awards ceremony hosted by BusinessDay in Lagos, with Frank Aigbogun, Publisher, and Tosin Sanni, GM Emerging Africa, bestowing the honor.



This accolade is a testament to TAJBank’s unwavering dedication to providing top-notch services, achieving remarkable financial performance, and maintaining consistent leadership in the nation’s pursuit of financial inclusion over the past three years. Accepted by Michael Iteye, TAJBank’s Regional Head in Lagos on behalf of the management, the award also acknowledges the bank’s steadfast commitment to innovative service delivery and its continuous efforts to add value to its customers.

Hamid Joda, the Founder/Managing Director of the bank, expressed gratitude for the award, highlighting it as a testament to the bank’s significant progress in establishing new benchmarks for technology-driven and value-rich services and products offered to its customers.

Moreover, in the first half of 2023, TAJBank took the lead in the Tier 1 Capital ranking and attained the highest Profit Before Tax (PBT) in the non-interest banking segment of the Nigerian Exchange. Joda reaffirmed the bank’s commitment to providing top-tier services and broadening its outreach for financial inclusion, with a special focus on unbanked and under-banked populations, especially in grassroots communities nationwide.

Joda emphasized, “Our only interest is the customer,” affirming that BusinessDay newspaper’s award this year affirms the bank’s commitment to innovative service delivery and value enhancement for its growing global customer base. He extended gratitude to customers, regulatory authorities, and other stakeholders in the financial system, assuring them of the bank’s unwavering efforts to consistently provide the best service while expanding operations for financial inclusion among the unbanked and under-banked, especially in grassroots communities nationwide.

Sherif Idi, TAJBank’s Co-Founder/Executive Director, shared his enthusiasm about the award, viewing it as a call to action for the bank to further excel in innovative services and product offerings. He assured stakeholders in both the Nigerian and global non-interest banking sphere, particularly the bank’s customers, that TAJBank will continue to uphold high standards and elevate the bank to greater heights.

Read also: TAJBank opens Apapa branch, becomes First Corporate to list Sukuk Bond on NGX.

It is worth noting that TAJBank previously secured BusinessDay’s awards in 2021 and 2022, and also secured the Leadership Newspapers’ 2020 ‘Bank Of The Year’ award. The non-interest lender’s compliance with global best practices is underscored by its attainment of the Payment Card Industry Data Security Standard (PCI DSS) certification and three International Standards Organisation (ISO) certifications in Information Security, Business Continuity, and IT Service Management Systems. This reinforces its position as a leader in adhering to global best practices.



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