Jaiz Bank Plc
BankingFederal Capital Territory, Nigeria501-1000 Employees
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. Since it commenced operations in 2012, the Nation’s premier Non-Interest Bank has maintained its leadership role by deepening this alternative model of financing, thus providing the foundation for its expansion, and providing the needed ethical funding for infrastructural development in the country. Within this period, the Bank has won notable international and local accolades, amongst which are the Most Improved Islamic Banking awards in 2020 and 2021, respectively, from the Global Islamic Finance Awards (GIFA). It is worth noting that the Bank maintains the record of being the first Islamic Bank in the world to breakeven within the first three years in operations even when there was no Islamic banking and finance instruments to invest on in the country. Jaiz Bank's core values are built on 7 principles with the acronym "ETHICAL" - Excellence, Teamwork, Honesty, Integrity, Customer-Centric, Accountability, Loyalty. These core values drive the Bank towards achieving its vision to be the clear leader in ethical Banking in Sub-Saharan Africa. Jaiz Bank is publicly quoted on the Nigerian Exchange Group (NGX) with a balance sheet size of N379billion (as of December 31st, 2022) compared to N12 billion in 2012. Financing and Investment assets also grew from over N30billion in 2012 to N249billion as of December 31, 2022. Other critical parameters such as customer deposits, branch network and profitability have all been growing year–on–year since inception.
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