Jaiz Bank, Nigeria’s pioneer Non-Interest Bank, has emerged the global Most Promising Islamic Bank in 2024. Jaiz Bank Plc, the pioneer Non-Interest Bank in Nigeria has been providing ethical services to individuals, corporate and government entities since 2012 with the mission of Making Life Better Through Ethical Finance.
The Global Islamic Finance Awards (GIFA) on Wednesday 19th of September 2024 announced Jaiz Bank the overall winner in this category over two other nominees of equal pedigrees, during the Global Islamic Finance Summit (GIFS) and awards ceremony in the picturesque Republic of Maldives. The Bank was recognised for reinforcing its leadership position as a financial institution that stands out in terms of exceptional growth potential, innovation, and financial performance.
GIFA’s Chairman, Professor Humayon Dar, said “The GIFA Awards Committee evaluated several institutions within the same category and, after a rigorous assessment based on multiple factors outlined in the GIFA methodology, selected Jaiz Bank Plc for this distinguished recognition.” Professor Humayon also noted that the Bank was recognised for reinforcing its leadership position as a financial institution that stands out in terms of exceptional growth potential, innovation, and financial performance.
While receiving the Award, the Managing Director/CEO of Jaiz Bank Plc, Haruna Musa (Ph.D, expressed his gratitude on behalf of the Board, Management, and Staff of the Bank. Dr. Haruna also acknowledged the significance of the award, remarking that “it is a vital milestone in realizing the Bank’s strategic vision, emphasizing that the recognition aligns with Jaiz Bank’s goal of becoming one of Africa’s leading non-interest financial institutions within the next five years. He recalled that the Bank had won GIFA’s Most Improved Islamic Bank Award in 2020 and 2021 respectively.
The Global Islamic Finance Awards (GIFA) is famous for having the most prestigious accolade in the Islamic finance industry, highlighting excellence and innovation across the sector globally. More than 500 governments, institutions, individuals & initiatives have been recognised and honoured by GIFA so far.
GIFA have grown over the years to become one of the highly coveted and most respectable market-led awards in Islamic banking and finance in the world. It is a prestigious label of excellence that recognises governments, institutions and individuals who have exhibited outstanding achievements in their respective fields, contributing to the sustainability of Islamic banking and finance as a viable system within the global international financial architecture.
Founded in 2011 by Edbiz Corporation as part of its advocacy for Islamic banking and finance, GIFA celebrate the achievements of individuals, institutions and governments in promoting and advocating Islamic banking and finance, and ensuring that it remains committed to social responsibility. As the most prestigious awards in Islamic finance, GIFA promote social responsibility, Shari’a authenticity and commitment to Islamic banking and finance. GIFA acknowledge excellence and best practices in Islamic finance in various categories ranging from industry players to service providers, Shari’a scholars and academicians in various sectors within Islamic finance. Every year, the GIFA Awards Committee recognises institutions and individuals from around the world for their exceptional contributions to the development of Islamic banking and finance.
GIFA award ceremonies are held annually designed to highlight, encourage and reward exceptional performance and contributions to the growth of the global Islamic banking and finance community with an ultimate objective of promoting social responsibility, adherence to Shari’a authenticity and commitment to Islamic banking and finance. Being the only global Islamic finance awards programme, GIFA winners come from all corners of the world, from the USA to Indonesia, and from the UK to Kazakhstan and Eastern Europe. The coverage of GIFA is comprehensive, as we include all the industry stakeholders from politicians to academicians that have played leadership roles in their respective fields.
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