About Jaiz Bank

About Jaiz Bank

Jaiz Bank is Nigeria’s pioneer non-interest bank. We are a national bank and a quoted public company owned by over 26,000 shareholders spread over the six geo-political zones of Nigeria. The Bank’s balance sheet has grown from N12 billion in 2012 to about N68 billion as at end of year 2016, with asset financing of over N30 billion. Our customer base has grown to over 230, 000 cutting across all strata of the society. Our product offerings have grown substantially ranging from friendly retail to commercial and corporate products. We have also grown our branch network from 3 branches in 2012 to 30 branches, spread across the country. We are building more branches to satisfy the yearnings of millions of people who are desirous of this model of banking. Non-Interest Banking is a profitable growing global phenomenon practiced in many countries across the world including the United Kingdom, Canada, the United States of America, the United Arab Emirate, Malaysia, China, Singapore, South Africa, Kenya etc. Global Banks like HSBC, Citibank, Barclays Bank etc. are also offering non-interest banking products and service. It is an alternative financial service offering which is open to all irrespective of race or religion. It is based on the ethical principles of fairness, transparency and objectivity. Non-Interest Banking offers almost all the services of conventional banks. The difference is that non-interest Islamic Banks do not give or receive interest, nor finance anything that is harmful to society like alcohol, tobacco, gambling etc. They also seek to avoid gharar- speculation, uncertainty deception and more.