Tag: Islamic Banking

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…

The adage “The world stops when a man of integrity and strong leadership is praised” is undoubtedly true. On September 28, 2022, all roads led to 73, Ralph Shodeinde Street, Kano House, Central Business Area, Abuja for the celebration of Read more…

Dr. Sirajo Salisu has being has appointed as the Managing Director/Chief Executive Officer of Jaiz Bank. Following the retirement of the current MD, Mallam Hassan Usman, Salisu’s appointment would go into effect on October 16th, 2022, according to a statement Read more…

With the signature of an agreement between all parties for the issuing of the first-ever non-interest private Sukuk bond offer in the country’s capital market, TAJBank Limited, Nigeria’s top non-interest bank, formally started the bank’s N100 billion Sukuk bond issuance. Read more…

Nigerian bank TAJBank Limited is a non-interest bearing institution that operates in accordance with Islamic banking practices. It is Nigeria’s second non-interest bank, and it has its headquarters in Abuja, the nation’s capital. In 2019, TAJBank was established.   TAJBank Read more…

With a Profit After Tax, or PAT, of N2.54 billion, Jaiz Bank Plc has released its unaudited results for the six months ended June 30, 2022. In a statement released on Sunday in Lagos, the firm stated this. When compared Read more…

What is Takaful (تكافَل)? Takaful is a type of ‘Islamic’ insurance wherein members contribute money into a pool system to guarantee each other against loss or damage. Takaful insurance is based on Sharia (Islamic law), which explains responsibilities of individuals Read more…

Jaiz Bank’s gross earnings for the financial year 2021 increased by approximately a third to N25.8 billion from N19.6 billion the previous year, thanks to significant rise in its key performance measures. According to its audited earnings report released on Read more…

Islamic Banking was born in the early twentieth century. The foundation for what would become modern Islamic Banking began with trade activities conducted in Mecca and Medina. Some of these activities continued even after Islam became rooted in Mecca. Islamic Read more…

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