Jaiz Bank operates on a premise that seems to defy modern finance: it doesn’t charge interest. While traditional lenders generate income from the interest on loans, Nigeria’s first Islamic bank has forged a profitable and growing business by building a model based on real-world assets and shared risk. This unconventional approach recently sparked conversation on
Jaiz Bank Plc has stunned the financial world with a record-breaking profit after tax of N23.48 billion for the year ending December 31, 2024, more than doubling its N11.05 billion profit from 2023. In a statement released on Saturday, Nigeria’s pioneer non interest bank announced that it posted a jaw dropping 108.99 percent growth in
The Board, Management, and entire staff of Jaiz Bank Plc have expressed deep sorrow over the passing of Alhaji Dr. Aminu Alhassan Dantata, CON, widely revered as a national beacon of philanthropy, humility, and Islamic faith. In a condolence message issued by the bank, the late elder statesman was described as a “towering figure whose
