President Yoweri Museveni of Uganda on Wednesday officially established the country’s first interest-free commercial Islamic bank, allowing it to operate in accordance with Islamic principles. Museveni stated during the Salaam Bank’s inaugural ceremony in the capital, Kampala, that Islamic Read more…
A non-interest banking services provider, TAJBank Limited establishes a branch in Apapa and becomes the first corporate entity to list a sukuk bond on the NGX. The founder and managing director of TAJBank, Mr. Hamid Joda, stated during the opening Read more…
The Managing Director/CEO of TajBank Ltd, Mr Hamid Joda, has received the Chartered Institute of Bankers of Nigeria (CIBN). The honorary fellowship of the Chartered Institute of Bankers of Nigeria (CIBN) is the highest cadre of membership of the Institute. Read more…
With a revised positive outlook, GCR Ratings has reaffirmed Jaiz Bank Plc.’s national scale long and short-term issuer ratings of BBB-(NG) and A3 (NG), respectively. GCR was founded in 1996 as the African division of Duff & Phelps, which is Read more…
Generally, a bank is a financial institution licensed to receive deposits and make loans. There are several types of banks including retail, commercial, and investment banks. While, a Non-Interest Bank means a bank which transacts banking business, engages in trading, Read more…
Polaris Bank was established by the Central Bank of Nigeria (CBN) on September 21, 2018 to offer commercial banking services to the Nigerian public. The bank commenced services on the same day, having purchased the assets, and assumed certain of Read more…
Jaiz Bank is 10 Already! So Fast.! I remember the furore over Islamic Banking/Non-Interest Banking when CBN granted the license under Sanusi Lamido Sanusi. Articles upon articles on newspapers threatening fire and brimstone over an ‘Islamization agenda’. Chief Frederick Fasehun, Read more…
